Norstra Energy Addresses Market Activity and Trading Suspension
02 July 2013 - 1:10AM
Norstra Energy Inc. (OTCQB:NORX) seeks to address recent stock
promotional activity in regards to the Company.
It has come to the Company's attention that recently certain
parties unrelated to the Company have been promoting our company's
stock. We seek to clarify that that we have not engaged in any such
activity, and have no connections to, or relationships with, anyone
who would be engaging in the promotion of our stock. The
promotional pieces that have been brought to our attention contain
targets and projections that we feel are solely for promotional
purposes and not based upon a realistic and comprehensive analysis
of our company. Our operations are in the development
stage. As an exploration stage enterprise, our focus must
remain on developing our property interests to establish a
commercially viable hydrocarbon resource. This is where our
attention and funds will remain focused and we have not, and do not
currently intend to, expend funds on stock promotional
activity.
In addition, we are aware that the United States Securities and
Exchange Commission has issued a temporary suspension for the
trading of our company's securities, citing the adequacy and
accuracy of our information. We are of the view that our
disclosure documents accurately describe our assets, operations and
proposed activities, and refer to our recently filed Form 10-K
Annual Report for more detailed disclosure. We look forward to the
resumption of trading on July 10, 2013 so that our shareholders
will not continue to be disadvantaged by the trading
suspension.
We strongly urge any prospective investors to obtain advice from
a qualified investment professional prior to making any investment
in our Company.
Forward-Looking Statements
This news release may contain "forward-looking statements," as
that term is defined in Section 27A of the United States Securities
Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future, including but not limited to, exploration and
development of our properties.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of minerals
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
CONTACT: For further information Contact:
Norstra Energy - Investor Relations
Tyler Troup, B.Comm
Phone: 1-866-865-2780
E-mail: ir@norstraenergy.com
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