Calgary, Alberta (FSCwire) – Perisson Petroleum Corporation (“Perisson” or the “Company”) (TSXV: POG) is pleased to announce that EdgeMark Capital and Advisory Services Inc. (“EdgeMark”) and Zelos Capital Ltd. (“Zelos”), Calgary-based strategic advisory firms, have executed an advisory services agreement focused in North America. The agreement expands Perisson’s resources to enable the full execution of its growth plans to become an integrated global oil and gas company.
The EdgeMark and Zelos relationship will provide merger and acquisition opportunities in order for the Company to develop a strategic corporate value chain in North America and globally with its worldwide partner Oil & Gas Engineering Co Ltd of CNNC Geo-Mining Shaanxi (“CNOG”).
With the addition of EdgeMark and Zelos, the Company can expand its focus on mergers, joint ventures, farm-ins, acquisitions of certain oil and gas assets and infrastructure assets or businesses, as well as arranging marketing and transportation of petroleum products and LNG. These activities will compliment the Company’s existing activities in Colombia, our oil and gas acquisition in Kazakhstan and the proposed acquisition of the Xinquan Refinery and tank storage in China.
EdgeMark and Zelos are delighted to have the opportunity to advise and collaborate with the Perisson team as they prepare to grow their company in several strategic directions. The time is absolutely right to put more capital to work in the market as it continues to recover over the next 12-18 months.
The Company continues to look for suitable oil and gas acquisitions, including farm-out candidates and associated infrastructure, to leverage the Company’s access to drilling capital, equipment and expertise as well as our recent announced funding activities. We look forward to developing mutually beneficial partnerships with North American oil and gas companies with asset rich prospects requiring significant development capital.
About Perisson Petroleum Corporation
The Corporation has ownership in certain oil and gas producing properties in the Twining and Wainwright areas of Alberta, Canada. The Company also holds a 100% working interest in the VMM-17 block, a license located in the prolific, stable, oil-producing region of the Middle Magdalena Basin in central Colombia.
Perisson Petroleum Corporation is listed on the TSX Venture Exchange and trades under the symbol "POG".
EdgeMark Capital and Advisory Services Inc. is a boutique, independent financial advisory services firm that focuses on raising capital and assisting companies with transformational activities such as mergers and acquisitions, domestic/international expansion, restructuring and turn-arounds. Specific industry focus includes oil and gas, emerging technology and diversified markets such as construction, real estate and financial services. Their broad range of experience has enabled EdgeMark to develop a significant network of contacts and market insights across the globe.
Zelos Capital Ltd. (“Zelos”) provides a range of financial advisory services including strategic review and structuring, equity and debt capital raising, fairness opinions, mergers & acquisition advisory and other strategic consulting services to lower middle market companies.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Wayne Rousch, President Direct Line: (403) 827-8597 email@example.com
Mark E. George, Managing Partner and Founder
EdgeMark Capital and Advisory Services Inc.
Bruce Edgelow, Managing Partner and Founder
EdgeMark Capital and Advisory Services Inc.
Gilbert Bong, Founding Partner and President,
Zelos Capital Ltd.
FORWARD LOOKING STATEMENTS
This news release contains forward-looking statements relating to the timing and completion of the future operations of Perisson and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the proposed Acquisition and the future plans and objectives of Perisson, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Perisson's expectations are risks detailed from time to time in the filings made by Vela with securities regulations.
This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
Trading in the securities of Perisson Petroleum Corporation should be considered highly speculative. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Perisson Petroleum Corporation (TSX Venture:POG)
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