Independence Energy Corp. Completes Additional Round of Financing
May 15 2012 - 6:00AM
Marketwired
Independence Energy Corp. (OTCBB: IDNG)
("Independence Energy" or the "Company") is pleased to announce
that it has completed an additional financing of $125,000. The
financing was conducted through the issuance of 50,000 restricted
common shares of the Company at a deemed price of $2.50 per share.
The proceeds from this financing will be used for potential project
acquisitions, general working capital, and other such purposes as
the Company may determine from time to time.
"This round of financing, like our previous funding, was closed
at current market prices without discount and without any net
dilution to our current stock holders," stated Mr. Gregory C.
Rotelli, CEO and President of Independence Energy. "We will
continue to execute the Company's growth strategy and intend to put
these funds to work in the near future."
Further updates regarding Independence Energy Corp. will be made
as additional information becomes available.
About Independence Energy Corp.
Independence Energy Corp. is an oil and gas exploration and
development company focused on projects in the United States.
Independence Energy is seeking to further advance its existing
projects through development or offset drilling and to expand its
portfolio to include additional property interests in the United
States.
Some information in this document constitutes forward-looking
statements or statements which may be deemed or construed to be
forward-looking statements, such as the Company's plans to acquire
additional oil and gas interests. The words "forecast",
"anticipate", "estimate", "project", "intend", "expect", "should",
"believe", and similar expressions are intended to identify
forward-looking statements. These forward-looking statements
involve, and are subject to known and unknown risks, uncertainties
and other factors which could cause the Company's actual results,
performance (financial or operating) or achievements to differ from
the future results, performance (financial or operating) or
achievements expressed or implied by such forward-looking
statements. The risks, uncertainties and other factors are more
fully discussed in the Company's filings with the U.S. Securities
and Exchange Commission. All forward-looking statements
attributable to Independence Energy Corp. herein are expressly
qualified in their entirety by the above-mentioned cautionary
statement. Independence Energy Corp. disclaims any obligation to
update forward-looking statements contained in this estimate,
except as may be required by law.
For additional information, contact: LiveCall Investor Relations
for Independence Energy Corp. Mr. Gerry Belanger Investor Contact
(800) 976-4490 info@independenceenergycorp.com
www.independenceenergycorp.com
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