CALGARY, ALBERTA–(Marketwired – Oct. 12, 2016) – Bayshore Petroleum Corp. (“Bayshore” or the “Company”) (TSX VENTURE:BSH) has been discussing potential partnerships and transactions with E-T Energy Ltd. (“ET”), and as an update to the news releases of July 29, 2016, September 7, and September 26, 2016, the Company advises this process has still not yet come to a formal, binding agreement. A further update will be provided by October 28, 2016. Bayshore shares remain halted from trading, and shall remain halted from trading pending receipt of applicable documentation by the TSX Venture Exchange or cessation of negotiations with ET.
On behalf of the Board of Directors
BAYSHORE PETROLEUM CORP.
Peter Ho, Chairman and CEO
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States. The Company’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.