ST. HELIER, JERSEY, Oct. 29, 2015
/CNW/ - EastSiberian Plc (TSX NEX: ESB.H) ("EastSiberian" or
the "Corporation"), a Jersey company, announces that it has
been notified by the Ministry of Energy & Mines ("MEM")
of the Government of Nicaragua
that the Corporation has been granted Exploration Contractor Status
in Nicaragua. By being granted
this status, the Corporation is now eligible to apply for
hydrocarbon concessions in Nicaragua. The Corporation intends to pursue
these opportunities and other opportunities in Latin America that may become available to
it.
About EastSiberian
EastSiberian is an international junior oil exploration company
incorporated in the Bailiwick of Jersey. For further information,
please visit the EastSiberian Plc website at
www.eastsiberianplc.com. The common shares of the Corporation are
listed currently on the NEX.
The Corporation announced previously that the common shares of
EastSiberian are halted currently from trading on the NEX at the
request of the Corporation. The common shares will remain
halted until trading is permitted to resume, all in accordance with
the policies of the TSX Venture Exchange and the NEX.
Neither the 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.
Advisory Regarding Forward-Looking Statements
This press release contains certain forward-looking
statements and forward-looking information (collectively referred
to as "forward looking statements") within the meaning of Canadian
securities laws. All statements other than statements of historical
fact are forward-looking statements. Forward-looking information
typically contains statements with words such as "anticipate",
"believe", "plan", "continuous", "estimate", "expect", "may",
"will", "project", "should" or similar words suggesting future
outcomes and includes references to the Corporations plans to
obtain a hydrocarbon concession in Nicaragua.
Undue reliance should not be placed on forward-looking
statements, which are inherently uncertain, are based on estimates
and assumptions, and are subject to known and unknown risks and
uncertainties (both general and specific) that contribute to the
possibility that the future events or circumstances contemplated by
the forward-looking statements will not occur. There can be no
assurance that the plans, intentions or expectations upon which
forward-looking statements are based will in fact be realized.
Actual results will differ, and the difference may be material and
adverse to EastSiberian and its shareholders. In particular,
the Corporation may not be able to obtain a hydrocarbon
concession in Nicaragua.
The forward-looking statements contained in this press
release are made as of the date hereof and EastSiberian does not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, except as required by
applicable law. The forward-looking statements contained herein are
expressly qualified by this cautionary statement.
SOURCE EastSiberian Plc