Crown Point Reminds Shareholders to Vote the WHITE Proxy FOR the Second Tranche Financing and AGAINST the Dissident LAIG
Vote By 10 AM Calgary Time on February 20
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 02/18/15 -- Crown Point Energy Inc. ("Crown Point" or the "Company") (TSX VENTURE: CWV) reminded shareholders to vote the WHITE proxy FOR the second tranche financing (the "Second Tranche") and AGAINST LAIG Oil Investments ("LAIG") and its dissident nominees.
A shareholder's meeting regarding the vote is scheduled for February 24, 2015. The voting deadline for proxies is 10:00 am Calgary time on February 20, 2015. Shareholders are encouraged to vote 24 hours in advance of the voting deadline to ensure their votes are received in a timely manner.
"Shareholders have just two days left to vote the white proxy and protect the value of their investment in Crown Point, "said Gordon Kettleson, Chairman of Crown Point. "LAIG has neither the credentials nor the credibility to be worthy of your trust."
"In contrast, a vote for the Second Tranche financing will help fuel growth and cement a relationship with strategic Argentine investors whose interests are closely aligned with all shareholders. Please follow the recommendation of the Board and of the two leading independent proxy advisors, Institutional Shareholder Services Inc. and Glass Lewis & Co. and vote the WHITE Proxy today."
Reasons to vote FOR Crown Point's Second Tranche
Reasons to vote AGAINST LAIG
Protect Your Investment and Vote the WHITE Proxy FOR the Second Tranche and AGAINST the Dissidents.
About Crown Point
Crown Point Energy Inc. is an international oil and gas exploration and development company headquartered in Calgary, Canada, incorporated in Canada, trading on the TSX Venture Exchange and operating in South America. Crown Point's exploration and development activities are focused in the Austral and Neuquen basins in Argentina. Crown Point has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a basis for future growth.
FORWARD LOOKING INFORMATION
This press release contains forward-looking information concerning, among other things, the following: matters with respect to the upcoming meeting, including the scheduled date and time of the meeting and the cut off time for proxies; the Company's assessment of LAIG's motivations, capabilities and the intended outcomes of its actions; the Company's assessment that a vote for the Second Tranche financing will help fuel growth and cement a relationship with strategic Argentine investors whose interests are closely aligned with all shareholders; the statement that the proceeds from the Second Tranche is needed for the Company's 2015 obligations and that the proceeds of such financing will be primarily used for exploration and development that is already delivering increased production in Tierra del Fuego, Argentina; assessments of the regulatory and shareholder approval requirements for LAIG's financing proposal; statements with respect to the expected ownership of the Company after the completion of the financing; and statements with respect to LAIG's potential conflicts of interest.
A number of risks and other factors could cause actual results to differ materially from those expressed in the forward-looking information contained in this press release including, but not limited to, an incorrect assessment by the Company of the matters and opinions expressed herein; the risk that the remaining portion of the financing with the strategic investors is not competed in a timely manner (or at all) or on the terms presently proposed; the risk that the Company is unable to realize the anticipated benefits of the financing with the strategic investors; the risk that the use of proceeds may be used for a manner that is different from that expressed herein; the risk that the meeting date and time may be delayed, adjourned or otherwise; the risk that LAIG's financing proposal could be subject requirements other than those set forth herein; the risks and other factors described under "Risk Factors" in the Company's Annual Information Form, which is available for viewing on SEDAR at .
With respect to forward-looking information contained in this press release, Crown Point has made assumptions regarding, among other things: the general stability of the economic and political environment in which the Company operates; the timely receipt of any required regulatory approvals; the ability of the Company to fully complete the remaining portion of the proposed financing with the strategic investors in a timely manner (or at all) or on the terms it presently contemplates; the ability of the Company to continue as a going concern without the loss or forfeiture of any assets; the time and date of the meeting (and related voting cut-offs); and that LAIG's motivations and intended outcomes are as set forth herein. Management of Crown Point has included the above summary of assumptions and risks related to forward-looking information included in this press release in order to provide investors with a more complete perspective on the Company's future operations. Readers are cautioned that this information may not be appropriate for other purposes. Readers are cautioned that the foregoing lists of factors are not exhaustive. The forward-looking information contained in this press release are expressly qualified by this cautionary statement.
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 news release.
Contacts:
Crown Point Energy Inc.
Murray McCartney
President & CEO
(403) 232-1150
For shareholder inquiries, or assistance with voting,
contact Crown Point's Proxy Solicitor
Laurel Hill Advisory Group
North America Toll Free: 1-877-452-7184
Collect Calls Outside North America: 416-304-0211
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 18.02.2015 - 12:30 Uhr
Sprache: Deutsch
News-ID 372323
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Oil & Gas
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"Crown Point Reminds Shareholders to Vote the WHITE Proxy FOR the Second Tranche Financing and AGAINST the Dissident LAIG"
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