CALGARY, Sept. 30, 2019 /CNW/ - (TSX: EGL):
Further to the August 14, 2019 news
release of Eagle Energy Inc. ("Eagle") regarding its
application to transfer its listing to the TSX Venture Exchange
(the "TSX-V") from the Toronto Stock Exchange
("TSX"), Eagle announces that the TSX-V has conditionally
approved the listing of Eagle as a Tier 2 Oil and Gas Issuer
subject to receiving final administrative items and undertakings
from Eagle. Eagle is working to complete and submit these
items as soon as possible.
The exact timing for the transfer of the listing of Eagle's
common shares to the TSX-V from the TSX is subject to receiving
final approval from the TSX-V and TSX and the effective date has
not yet been confirmed. It is Eagle's intention to take all
reasonable and prudent steps as required and, with assistance from
and cooperation with the TSX-V and TSX, to list Eagle's common
shares on the TSX-V and delist from the TSX without interruption or
delay. Eagle will provide an additional update once further
information is available.
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.
Note about Forward-Looking Statements
Certain of the statements made and information contained in this
news release are forward-looking statements and forward-looking
information (collectively referred to as "forward-looking
statements") within the meaning of Canadian securities
laws. In particular, and without limitation, this news
release contains forward-looking statements and information
relating to the expected listing of its common shares on the TSX-V
and voluntary delisting from the TSX. These forward-looking
statements and information are based on certain key expectations
and assumptions made by Eagle. Assumptions have been made
with respect to anticipated approvals from the TSX and TSX-V on the
voluntary delisting application and listing application.
Although Eagle believes that the expectations and assumptions on
which such forward-looking statements and information are based are
reasonable, undue reliance should not be placed on the
forward-looking statements and information as Eagle cannot give any
assurance that they will prove to be correct. Since
forward-looking statements and information address future events
and conditions, by their very nature they involve inherent risks
and uncertainties. These include, but are not limited to, the
failure of Eagle to meet the TSX-V listing requirements.
Readers are cautioned that the foregoing list of risks and
uncertainties is not exhaustive. Other risk factors that
could affect Eagle's operations or financial results are included
in Eagle's annual information form and may be accessed through the
SEDAR website (www.sedar.com). The forward-looking statements
and information contained in this news release are made as of the
date hereof and Eagle does not undertake any 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.
You should not place undue importance on forward-looking
information and should not rely upon this information as of any
other date. While Eagle may elect to, Eagle is under no
obligation and does not undertake to update this information at any
particular time, except as required by law.
About Eagle Energy Inc.
Eagle is an oil and gas corporation with shares currently listed
for trading on the Toronto Stock Exchange under the symbol "EGL".
All material information about Eagle may be found on its website at
www.EagleEnergy.com or under Eagle's issuer profile at
www.sedar.com.
SOURCE Eagle Energy Inc.