CALGARY, ALBERTA–(Marketwired – May 4, 2016) – Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) (“Zargon” or the “Company”) provides a strategic alternatives process update.
Zargon announces that Scotia Waterous Inc. (“Scotia”), on behalf of the Company, has recently initiated a broad corporate marketing process involving potential domestic and foreign purchasers, which will include a data room to allow qualified parties to access data concerning the Company’s operations. Additional information regarding Zargon and the corporate marketing process is available on our website at www.zargon.ca. The Company expects to provide updated disclosure regarding Zargon’s strategic alternatives process with the 2016 second quarter results that will be reported in August.