Bayside Corporation Strikes Oilfield Financing Deal With C Trade Group
January 26 2012 - 10:10AM
Marketwired
BAYSIDE CORPORATION (PINKSHEETS: BYSD) has reached a financing
agreement with C. Trade Group with the assistance of Green Mountain
Development Corp. (PINKSHEETS: GMND) for funding up to an initial
amount of $1.5 million. These funds are for the rework and
recompletion of thirteen oil wells owned by Bayside in south Texas.
The plan also calls for the drilling of at least two new oil wells
on Bayside Corporation property.
"We are very grateful for C. Trade Groups important commitment
and for Green Mountain Development Corporations assistance," said
Gordon Johnson, CEO of Bayside Corporation.
Statements contained herein, which are not
historical facts, including statements about plans and expectations
regarding business areas and opportunities, demand and acceptance
of new or existing businesses, capital resources and future
financial results are "forward-looking" statements as contemplated
by the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to risks and uncertainties,
including, but not limited to, government regulation, taxation,
spending, competition, general economic conditions and other risk
factors which could cause actual results to differ materially from
those projected or implied in the forward-looking statements. There
may be other factors not mentioned above that may cause actual
results to differ materially from any forward-looking information.
The company takes no obligation to update or correct
forward-looking statements.
MEDIA CONTACT: Ron Irwin Email: Email Contact Tel:
310-908-0889
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