/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES./
CALGARY, Sept. 18, 2014 /CNW/ - Valparaiso Energy
Inc. (the "Corporation") (NEX: VPO.H) announces that the
Corporation has, effective July 15,
2014, reclassified the outstanding share subscriptions in
the amount of $25,000 into
convertible debt.
On September 18, 2014 the
Corporation has entered into an agreement, subject to regulatory
approval, whereby the above convertible debt holder has agreed to
settle the outstanding principal amount totaling $25,000 into 500,000 common shares of the
Corporation reflecting a price of $0.05 per share.
After the above settlement the Corporation will have 47,221,569
shares outstanding. These shares trade on the NEX board of
the TSX Venture Exchange under the symbol VPO.H.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.
Forward-looking Information
This news release may contain certain forward-looking statements
that reflect the current views and/or expectations of Valparaiso
Energy Inc., with respect to its performance, business and future
events. Such statements are subject to a number of risks,
uncertainties and assumptions. Specifically, certain of the
transactions referenced herein are subject to regulatory approval,
and there can be no guarantee that such approvals will be received,
in a timely manner or at all. Actual results and events may
vary.
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
SOURCE Valparaiso Energy Inc.