ST. HELIER, Jersey, July 14, 2016 /CNW/ - EastSiberian Plc
("EastSiberian" or the "Corporation") announces that previously
disclosed negotiations involving a third party in respect of a
possible business transaction for assets of EastSiberian
continue.
Trading of the common shares of EastSiberian has
been halted since June 2014 to permit
EastSiberian to explore potential opportunities. Trading will not
resume trading until certain requirements of the TSX Venture
Exchange have been satisfied.
A further news release will be issued in the
event that a transaction is entered into or if negotiations with
such transaction is terminated, which is anticipated by
July 30, 2016. There can be no
assurance that any transaction will proceed.
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 statements regarding
the expectation that the Corporation will negotiate the terms of
the proposed strategic transaction involving either the shares
and/or assets of the Corporation and enter into a definitive
agreement regarding such strategic transaction, the trading
of the shares of the Corporation, future news releases to be issued
by the Corporation and the timing of such negotiations and news
release..
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, there can be no assurance
that a definitive agreement will be entered into or that any
strategic transaction will proceed as proposed or at all.
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