Sahara Energy Ltd. Provides Update on Private Placement
18 March 2014 - 11:00PM
Marketwired
Sahara Energy Ltd. Provides Update on Private Placement
CALGARY, ALBERTA--(Marketwired - Mar 18, 2014) - Sahara Energy
Ltd. (TSX-VENTURE:SAH) (Sahara) announces that the
previously-announced C$600,000 private placement is now expected to
be completed with JF Investment (Hong Kong) Co., Limited (JF
Investment). The funds were initially received by Sahara from a
different investor as a non-refundable deposit on a larger
investment. The obligations of the non-refundable deposit have now
been assigned to JF Investment. Discussions are ongoing with JF
Investment with respect to an additional investment.
Forward Looking Information: This news release contains forward
looking statements related to the proposed financing. These
statements are based on current expectations that involve a number
of risks and uncertainties which could cause actual results to
differ from those anticipated.
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 release.
Sahara Energy Ltd.Martin FengPresident and CEO(403)
237-5411martin@saharaenergy.caSahara Energy Ltd.Gary ChangChief
Financial Officer(403) 456-7259gary@saharaenergy.ca
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