Decklar Resources Inc. Announces up to $15 million Unit Offering
13 April 2021 - 10:45PM
Decklar Resources Inc. (DKL-TSX Venture)
(
the “Company” or “Decklar”) announces that it is
proposing to complete a non-brokered financing to raise gross
proceeds of up to $15,000,000 by way of a unit offering (the
“Offering”) at a price of $1.00 per unit (a “Unit”), with each Unit
consisting of one common share of Decklar (a “Common Share”) and
one-half common share purchase warrant (each whole warrant, a
“Warrant”). Each Warrant will entitle the holder thereof to acquire
one Common Share at an exercise price of $1.50 per Common Share for
a period of 12 months from the closing date of the Offering.
Decklar has engaged Echelon Wealth Partners Inc. (“Echelon”) as
strategic financial advisor in connection with the Offering.
Decklar will pay a finder’s fee to Echelon (and certain other arm’s
length third parties) based upon the gross proceeds of the Offering
received by the Company from investors referred by Echelon (and
such other arm’s length parties) and will also pay Echelon an
additional fee for strategic advisory advice based upon the
aggregate gross proceeds of the Offering.
Funds raised by this planned Offering will be
used to pursue new oil and gas development opportunities in Nigeria
and for general corporate purposes.
The Offering is subject to approval by the TSX
Venture Exchange.
For further information:
Duncan T. BlountChief Executive Officer Telephone: +1 305 890
6516Email: dblount@decklarresources.com
David HalpinVP Finance, Decklar Petroleum Telephone: +1 403 816
3029Email:davidhalpin@decklarpetroleum.com
Investor Relations: info@decklarresources.com
Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Language
Certain statements made and information
contained herein constitute "forward-looking information" (within
the meaning of applicable Canadian securities legislation). All
statements in this news release, other than statements of
historical facts, are forward-looking statements. Such statements
and information (together, "forward looking statements") relate to
future events or the Company's future performance, business
prospects or opportunities.
All statements other than statements of
historical fact may be forward-looking statements. Any statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "seek", "anticipate", "plan", "continue",
"estimate", "expect, "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should",
"believe" and similar expressions) are not statements of historical
fact and may be "forward-looking statements". Forward-looking
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. The Company believes that the expectations reflected in
those forward-looking statements are reasonable, but no assurance
can be given that these expectations will prove to be correct and
such forward-looking statements should not be unduly relied upon.
The Company does not intend, and does not assume any obligation, to
update these forward-looking statements, except as required by
applicable laws. These forward-looking statements involve risks and
uncertainties relating to, among other things, changes in oil
prices, results of exploration and development activities,
uninsured risks, regulatory changes, defects in title, availability
of materials and equipment, timeliness of government or other
regulatory approvals, actual performance of facilities,
availability of financing on reasonable terms, availability of
third party service providers, equipment and processes relative to
specifications and expectations and unanticipated environmental
impacts on operations. Actual results may differ materially from
those expressed or implied by such forward-looking statements.
The Company provides no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company
does not assume the obligation to revise or update these
forward-looking statements after the date of this document or to
revise them to reflect the occurrence of future unanticipated
events, except as may be required under applicable securities
laws.
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