/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE U.S./
CALGARY, Sept. 13, 2013 /CNW/ - In connection with the
previously announced transaction (the "Acquisition") whereby
Yanchang Petroleum International Limited has agreed, through its
wholly-owned subsidiary, to purchase all of the issued and
outstanding common shares of Novus Energy Inc. (the
"Company") (TSXV: NVS), the Company has applied for and
received an order of the Court of Queen's Bench of Alberta, as well as confirmation from the TSX
Venture Exchange, that it may delay its annual general meeting of
shareholders until November 29,
2013.
The Company expects to hold its annual and
special meeting on November 15, 2013
and will, among other things, seek shareholders' approval of the
Acquisition. An information circular in connection with the meeting
is expected to be mailed to the shareholders of the Company during
the third week of October 2013.
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.
This news release will not constitute an
offer to sell or the solicitation of an offer to buy the securities
in any jurisdiction. Such securities have not been registered under
the United States Securities Act
of 1933 and may not be offered or sold in the United States, or to a U.S. person, absent
registration, or an applicable exemption therefrom.
ADVISORY REGARDING FORWARD LOOKING STATEMENTS
Certain disclosures set forth in this press
release constitute forward-looking statements. Any statements
contained herein that are not statements of historical facts may be
deemed to be forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of
words such as "anticipate", "believes", "budget", "continue",
"could", "estimate", "forecast", "intends", "may", "plan",
"predicts", "projects", "should", "will" and other similar
expressions. All estimates and statements that describe the
Company's future, goals, or objectives, including Management's
assessment of future plans and operations, may constitute
forward-looking information under securities laws. In
particular, but without limiting the foregoing, this press release
contains forward-looking statements pertaining to the timing of
Novus annual and special shareholder meeting and mailing of the
information circular in connection therewith.
Forward-looking statements involve known and
unknown risks and uncertainties which include, but are not limited
to: the failure by the Company to complete the Acquisition at all
or on terms and within a timeframe acceptable to the Company.
Forward-looking statements relate to future
events and/or performance and although considered reasonable by
Novus at the time of preparation, may prove to be incorrect and
actual results may differ materially from those anticipated in the
statements made. Novus does not undertake any obligation to
publicly update forward-looking information except as required by
applicable securities laws.
Readers are cautioned that the foregoing list
of factors is not exhaustive. Additional information on these and
other factors that could affect Novus operations or financial
results are included in reports on file with applicable securities
regulatory authorities and may be accessed through the SEDAR
website (www.sedar.com), and at Novus' website
(www.novusenergy.ca). The forward-looking statements and
information contained in this press release are made as of the date
hereof and Novus undertakes no obligation to update publicly or
revise any forward-looking statements or information, whether as a
result of new information, future events or otherwise, unless so
required by applicable securities laws.
SOURCE Novus Energy Inc.