Light Oil Discovery and Development in Canada Petro One Energy’s focus is to acquire, discover & develop undervalued oil assets in Canada with close proximity to infrastructure and existing production.
PETRO ONE ENERGY CORP.
1300-1111 West Georgia Street
Vancouver, BC V6E 4M3
Telephone: 604 566 9089
Toll free: 877 566 9089
Facsimile: 604 564 8003
PetroOneEnergy.com
Twitter.com/PetroOneEnergy |
TSX-V: POP
Frankfurt: C6K1
OTC: CUDBF.PK |
PETRO ONE FINANCING UPDATE
September 19, 2014 - Petro One Energy Corp. (TSX-V: POP) reported on September 8, 2014 that Korea Myanmar Development Company Ltd. (“KMDC”) had committed to pay $500,000 on September 19, 2014 towards the private placement which was originally announced on July 28, 2014 and is currently scheduled to complete on October 7, 2014.
The Company is now pleased to report that it has received a copy of an outgoing cable issued by Korea Exchange Bank yesterday confirming that C$400,000 has been wire transferred to the Canadian dollar trust account of the Company’s solicitors in Vancouver, B.C. The Company has been advised that the balance of C$100,000 due today will be paid by direct deposit in Vancouver this morning. The Company will confirm receipt of funds by way of further news release when its solicitors have received the $100,000 deposit and an incoming wire payment notification from their bank.
The Company looks forward to moving ahead on this project with KMDC.
ON BEHALF OF THE BOARD
“Peter Bryant”
President & Director
For further information, please visit the company’s website at PetroOneEnergy.com, follow the Company’s tweets at Twitter.com/PetroOneEnergy and contact Jeff Stuart of King James Capital Corporation, handling Investor Relations for the Company, by telephone at (604) 805 0375 or by email at jstuart@kingjamescapital.com.
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