Aroway Energy Inc. Announces First Quarter 2012 and Operational Results
(firmenpresse) - CALGARY, ALBERTA -- (Marketwire) -- 12/28/11 -- AROWAY ENERGY INC. (TSX VENTURE: ARW) (PINKSHEETS: ARWJF) () (the "Company") is pleased to announce it has filed on SEDAR its interim financial statements and related management discussion and analysis ("MD&A") for the three months ended September 30, 2011. Selected financial and operational information is outlined below and should be read in conjunction with the financial statements and related MD&A which are available for review on SEDAR.
FINANCIAL & OPERATING HIGHLIGHTS
Key Discussion Points
The Company notes that the three month period ended September 30, 2011, is the first interim period for which the Company has prepared its financial statements under International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board. Prior year comparative amounts have been restated to reflect results as if the Company has always prepared its financial results using IFRS.
Subsequent Events
The Company is pleased to announce that subsequent to September 30, 2011, the Company issued 7,515,901 common shares for total proceeds of $3,623,758 upon exercise of 7,515,901 share purchase warrants.
The Company further announces that it has granted a total of 2,400,000 options to purchase capital stock of the Company at a price of $0.75 for a period of five years to a Directors and officers of the Company.
ABOUT AROWAY ENERGY INC.
Aroway Energy Inc. is a Western Canadian junior oil and gas production and exploration company participating in "non-operated" Peace River Arch oil and gas exploration prospects, through a joint venture partnership. The joint venture partnership gives Aroway a rolling option on 101 sections of land.
ON BEHALF OF AROWAY ENERGY INC.
Chris Cooper, President & CEO
A conversion ratio of 1 barrel of oil equivalent ("boe"); 6 Mcf has been used, which is based on an energy equivalency conversion method primarily applicable at the burner tip and does not necessarily represent a value equivalency at the wellhead. Boes may be misleading, particularly if used in isolation.
Neither 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.
Contacts:
Aroway Energy Inc.
Chris Cooper
President & CEO
Toll Free: 1-855-427-6929
Aroway Energy Inc.
Judy-Ann Pottinger
Toll Free: 1-855-427-6929
Investor Cubed Inc.
Toll Free: (888) 258-3323
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Unternehmensinformation / Kurzprofil:
Datum: 28.12.2011 - 13:30 Uhr
Sprache: Deutsch
News-ID 100018
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Mining & Metals
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