CALGARY, Feb. 24, 2016 /CNW/ - Ironhorse Oil & Gas
Inc. ("Ironhorse" or the "Company") (TSX-V:IOG), advises that
Ironhorse and Grizzly Resources Ltd. ("Grizzly") have filed a
Statement of Claim in the Court of Queen's Bench of Alberta against Sinopec Daylight Energy Ltd.
("Sinopec"), the operator of pipelines and facilities associated
with the Nisku L2L Pool
production. Ironhorse and Grizzly are seeking damages against
Sinopec for misrepresentation and breach of contract.
Forward-Looking Statements
This news release contains forward-looking information (as
defined in the Securities Act (Alberta)) and statements (collectively,
"forward-looking statements") that are based on expectations,
estimates and projections as of the date of this news release.
These forward-looking statements can often, but not always, be
identified by the use of forward-looking terminology such as
"plans", "predicts", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate","seeks", or "believes", or
variations of such words and phrases, or statements that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved. Actual results and
developments are likely to differ, and may differ materially, from
those expressed or implied by the forward-looking statements
contained in this news release. Forward-looking statements
contained in this news release are based on a number of assumptions
that may prove to be incorrect, including, but not limited to
assumptions as to oil and gas prices and timing for commodity price
recovery; changes in laws, rules and regulations applicable to
Ironhorse; uncertainty of estimates with respect to reserves;
general economic, business and market conditions; and such other
risks and uncertainties identified in the filings by Ironhorse with
the Canadian provincial securities regulatory authorities. Except
as required by law, neither the Board nor Ironhorse undertakes any
obligation to update publicly or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. The forward-looking statements contained in this news
release are expressly qualified by this cautionary
statement.
Neither 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.
SOURCE Ironhorse Oil & Gas Inc.