Epsilon Energy Ltd. Engages Strategic Advisor Team
(firmenpresse) - CONCORD, ONTARIO -- (Marketwire) -- 11/12/12 -- Epsilon Energy Ltd. ("Epsilon" or the "Company") (TSX: EPS) today announced the Board of Directors has formally engaged Evercore Partners and Cormark Securities to lead a strategic alternatives analysis. The initial review process is expected to take approximately 90 days.
In response to the significant gap between the value of the Company's underlying assets, and the value being recognized in the Company's stock price, the Board of Directors initiated a review process to consider a range of strategic alternatives with a view to preserving and enhancing shareholder value. On November 8, 2012 the Board of Directors approved the terms on which a Strategic Advisor will be engaged on a fixed fee basis to aid in this process.
Epsilon Energy Ltd. is a North American onshore exploration and production company with a current focus in the Marcellus Shale in Pennsylvania, Bakken Shale in Saskatchewan and Basal Belly River in Alberta.
Forward-Looking Statements
Certain statements contained in this news release constitute forward looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", 'may", "will", "project", "should", 'believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements are based on reasonable assumption but no assurance can be given that these expectations will prove to be correct and the forward-looking statements included in this news release should not be unduly relied upon.
Special note for news distribution in the United States
The securities described in the news release have not been registered under the United Stated Securities Act of 1933, as amended, (the "1933 Act") or state securities laws. Any holder of these securities, by purchasing such securities, agrees for the benefit of Epsilon Energy Ltd. (the "Corporation") that such securities may not be offered, sold, or otherwise transferred only (A) to the Corporation or its affiliates; (B) outside the United States in accordance with applicable state laws and either (1) Rule 144(as) under the 1933 Act or (2) Rule 144 under the 1933 Act, if applicable.
Contacts:
Epsilon Energy Ltd.
Lisa Bromiley
Vice President of Business Development
(281) 670-0002
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Datum: 12.11.2012 - 22:01 Uhr
Sprache: Deutsch
News-ID 202384
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contact information:
Town:
CONCORD, ONTARIO
Kategorie:
Oil & Gas
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