DGAP-News: Hudson Appoints Financial Advisor
(firmenpresse) - DGAP-News: Hudson Oil Corporation Ltd. / Key word(s): Miscellaneous
Hudson Appoints Financial Advisor
16.05.2012 / 11:45
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Hudson Appoints Financial Advisor
Herax Partners to Help Raise Financing
May 16 (Toronto) - Hudson Oil Corporation Ltd. (H8D: FSE) has appointed
Herax Partners to assist in its efforts to finance the restart of the
Glimar refinery complex in southern Poland. 'Herax has the expertise and
the contacts to enable Hudson to access European capital markets,' said
Wojciech Janowski, Executive Chairman, 'with their assistance, we're
confident Hudson can achieve its goal of restarting the Glimar refinery.'
Herax Partners has been given a three-part mandate:
1. Help Hudson obtain financing for the restart of the zeoforming complex,
which will produce high-octane gasoline using an innovative zeolite
catalyst process.
2. Work with German specialists to upgrade Hudson's listing status on the
Deutsche Boerse.
3. Help Hudson raise additional financing to complete the restart of the
all-hydroprocessing complex.
Glimar is a complex, specialized refinery equipped with all-hydroprocessing
technology licensed from Chevron Lummus and a zeoforming complex as well as
a conventional distillation tower. It is capable of producing high-octane
gasoline and Group III base oil, a high value lubricant. Glimar is located
in Gorlice, southern Poland.
About Hudson Oil Corporation:
Hudson is a Canadian company focused on the acquisition of under-valued
energy assets and the execution of business strategies to maximize their
value. Efforts are presently directed at downstream energy opportunities in
Eastern Europe. Currently, the Company's principal asset is the Glimar
refinery complex in southern Poland, which is equipped with unique and
industry-leading technology. The Company is developing and executing a
restart plan for Glimar.
About Herax Partners:
Herax Partners is an independent firm providing high quality corporate
finance advice. Its focus is on national and cross-border transactions in
Europe. The Herax Group has offices in London and Frankfurt and access to
an extensive international network of advisers and relevant professionals.
Herax has substantial experience in a wide range of corporate finance
transactions including public and private mergers and acquisitions, equity
and debt capital raising, including IPOs and corporate restructurings.
Forward-looking statements:
Some of the statements contained in this release are forward-looking
statements, such as statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur. Since
forward-looking statements address future events and conditions, by their
very nature, they involve inherent risks and uncertainties.
While these forward-looking statements, and any assumptions upon which they
are based, are made in good faith and reflect the Company's current
judgment regarding the direction of the Company's business, actual results
will almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions or other future performance
suggestions herein. Except as required by applicable law, Hudson Oil
Corporation Ltd. does not intend to update any forward-looking statements
to conform these statements to actual results.
For more information, please visit: www.hudsonoil.ca
For investor and media enquiries, please contact:
Hudson Oil
Paul McIvor
416-906-1276
paul.mcivor(at)hudsonoil.ca
Herax Partners
44-20-7399-1680
info(at)heraxpartners.com
End of Corporate News
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Datum: 16.05.2012 - 11:45 Uhr
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