Greenfields Petroleum Corporation Announces Closing of Non-Brokered Private Placement
HOUSTON, TEXAS--(Marketwired - June 25, 2013) -
NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
Greenfields Petroleum Corporation (the "Company" or "Greenfields" (TSX VENTURE:GNF)(TSX VENTURE:GNF.DB) is pleased to announce that it has completed its previously announced non-brokered private placement for gross proceeds of Cdn$6,800,000 (the "Non-Brokered Private Placement"). Pursuant to the Non-Brokered Private Placement, Greenfields issued an aggregate of 2,000,000 common shares ("Common Shares") of the Company at a price of Cdn$3.40 per Common Share.
The issuance received conditional acceptance of the TSX Venture Exchange on June 14, 2013. The Common Shares are subject to a statutory hold period expiring four months and one day following the closing.
About Greenfields Petroleum Corporation
Greenfields is a junior oil and natural gas corporation focused on the development and production of proven oil and gas reserves principally in the Republic of Azerbaijan. The Company plans to expand its oil and gas assets through further farm-ins, and acquisitions of Production Sharing Agreements from foreign governments containing previously discovered but under-developed international oil and gas fields, also known as "greenfields". More information about the Company may be obtained on the Greenfields website at www.greenfields-petroleum.com.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States, nor shall there be any sale of the Common Shares in any jurisdiction in which such offer, solicitation or sale may be unlawful. The Common Shares have not been and will not be registered under the 1933 Act or any U.S. state securities laws and may not be offered or sold in the United States absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act and applicable U.S. state securities laws.
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.