Independence Energy Corp. Secures $1,000,000 Drawdown Financing Facility
May 24 2012 - 6:00AM
Marketwired
Independence Energy Corp. (OTCBB: IDNG) (the
"Company" or "Independence Energy") is pleased to announce that it
has reached an agreement to provide the Company with a $1,000,000
Drawdown Financing facility. The proceeds from this potential
financing may be used for new project acquisition, exploration and
development, general working capital, or such other purposes as the
Company may determine from time to time.
"Having access to a potential $1,000,000 drawdown financing
should allow us to maintain our current growth strategy and provide
the Company with the financial flexibility to consider new
opportunities, if and when they present themselves," stated Mr.
Gregory C. Rotelli, CEO and President of Independence Energy.
"Access to additional funding would also allow us to possibly take
a larger interest in future projects."
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities in this offering,
nor will there be any sale of these securities in any jurisdiction
in which such offer solicitation or sale are unlawful prior to
registration or qualification under securities laws of any such
jurisdiction.
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 ability to receive proceeds
from the Drawdown Financing facility and the possible acquisition
of larger interests in new projects. The words "plan", "forecast",
"anticipates", "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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