VANCOUVER, British Columbia, Nov. 14, 2017 (GLOBE NEWSWIRE) — Park Place Energy Inc. (OTCQB:PKPL) (“The Company”) intends to finish a private chain charity of common shares for deduction adult to US $1,000,000 during a cost of US$0.10 per share for a sum of 10,000,000 shares “the Financing”.
The financing was authorized by a Company and will tighten on Nov 30, 2017. The financing is usually accessible to competent investors in suitability with germane bonds laws and regulation.
The net deduction from a Financing will be used for operative collateral functions and requesting for a inventory on a Canadian batch exchange. Any destiny expected batch sell inventory is theme to regulatory mandate and batch sell approval.
The Company is also formulation a successive financing in early 2018 to account expansion and scrutiny expenditures associated to a oil and gas resources in Turkey and Bulgaria, that are described below.
About a Company
Park Place has several oil and gas resources in Turkey and Bulgaria. In Turkey, these embody an 19.6 % seductiveness in a Cendere oil field, a 37.25% seductiveness in a SASB offshore gas margin (together that net Park Place about 180 bopd.), a 100% seductiveness in 42,833 hectares of scrutiny blocks (Derecik Exploration Licences) covering a northern prolongation of a inclusive Iraq/Kurdistan Zagros Basin, and a Vranino 1-11 block, Bulgaria, a impending spark bed methane property.
See a news recover date Oct 25, 2017 for serve sum on a oil and gas assets.
Contact
Park Place Energy Inc. is an appetite association intent in oil and healthy gas scrutiny and production. For serve information, greatfully see a website: www.parkplaceenergy.com or email us: contact@parkplaceenergy.com or hit Arthur Halleran during ahalleran@parkplaceenergy.com.
Cautionary Statement Regarding Forward-Looking Statements
This recover contains forward-looking statements, that are formed on stream expectations, estimates, and projections about a Company’s business and prospects, as good as management’s beliefs, and certain assumptions done by management. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “should,” “will” and variations of these difference are dictated to brand forward-looking statements. Such statements pronounce usually as of a date hereof and are theme to change. The Company undertakes no requirement to publicly correct or refurbish any forward-looking statements for any reason. These statements include, though are not singular to, statements about a Company’s enlargement and business strategies and expected expansion opportunities and a volume of fundraising required to grasp it. Such statements are not guarantees of destiny opening and are theme to certain risks, uncertainties, and assumptions that are formidable to predict. Accordingly, tangible formula could differ materially and adversely from those voiced in any forward-looking statements as a outcome of several factors. These factors embody operational and geological risks, a ability of a Company to lift required supports for exploration; a fact that a Company does not work all a properties; changes in law or bureaucratic regulations, including taxation and environmental requirements; a outcome of blurb negotiations; changes in technical or handling conditions; a cost of extracting gas and oil might be too dear so that it is uneconomic and not essential to do so and other factors discussed from time to time in a Company’s Securities and Exchange Commission filings, including though not singular to a many recently filed Annual Report on Form 10-K and successive reports on Forms 10-Q and 8-K.
Note on Boe: Barrels of oil homogeneous or Boe, are subsequent by converting healthy gas to oil during a ratio of 6 thousand cubic feet (“Mcf”) of healthy gas equals one tub of oil. This acclimatisation is subsequent from appetite equivalency and does not paint a value equivalency and therefore might be dubious if used in isolation.
