Independence Energy Corp. Completes Additional Round of Financing
(firmenpresse) - SEAL BEACH, CA -- (Marketwire) -- 05/15/12 -- (OTCBB: IDNG) ("Independence Energy" or the "Company") is pleased to announce that it has completed an additional financing of $125,000. The financing was conducted through the issuance of 50,000 restricted common shares of the Company at a deemed price of $2.50 per share. The proceeds from this financing will be used for potential project acquisitions, general working capital, and other such purposes as the Company may determine from time to time.
"This round of financing, like our previous funding, was closed at current market prices without discount and without any net dilution to our current stock holders," stated Mr. Gregory C. Rotelli, CEO and President of Independence Energy. "We will continue to execute the Company's growth strategy and intend to put these funds to work in the near future."
Further updates regarding Independence Energy Corp. will be made as additional information becomes available.
Independence Energy Corp. is an oil and gas exploration and development company focused on projects in the United States. Independence Energy is seeking to further advance its existing projects through development or offset drilling and to expand its portfolio to include additional property interests in the United States.
Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the Company's plans to acquire additional oil and gas interests. The words "forecast", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Independence Energy Corp. herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Independence Energy Corp. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
For additional information, contact:
LiveCall Investor Relations
for Independence Energy Corp.
Mr. Gerry Belanger
Investor Contact
(800) 976-4490
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 15.05.2012 - 10:00 Uhr
Sprache: Deutsch
News-ID 146381
Anzahl Zeichen: 3497
contact information:
Town:
SEAL BEACH, CA
Kategorie:
Oil & Gas
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