May-09-2012
Press Releases
2012 Press Releases
Crown Point Ventures Ltd. and Antrim Energy Inc. Announce the Expiry of Rights of First Refusal with respect to the Acquisition of Antrim Argentina S.A. by Crown Point Ventures Ltd.
May 09, 2012
Crown Point Ventures Ltd. and Antrim Energy Ltd. are pleased to announce that the required notice period to Antrim’s’ partners in the Tierra del Fuego assets which provided them with the opportunity to exercise their contractual rights of first refusal to purchase such assets has expired. The notice period expired without any rights being exercised. As a result, the material condition precedent concerning the ROFR to the closing of Crown Point’s acquisition of Antrim Argentina S.A. has been satisfied.
Murray McCartney
President & CEO
Ph: (403) 232-1150
Crown Point Energy Inc.
mmccartney@crownpointenergy.com
Arthur J.G. Madden
Vice-President & CFO
Ph: (403) 232-1150
Crown Point Energy Inc.
amadden@crownpointenergy.com
Website:www.crownpointenergy.com
About Crown Point
Crown Point Ventures Ltd. is an international oil and gas exploration and development Company headquartered in Calgary Canada, incorporated in Canada, trading on the TSX Venture Exchange and operating in South America. Crown Point’s exploration and development activities are focused in the Golfo San Jorge and Neuquén basins in Argentina. Crown Point has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a basis for future growth.
Advisory
Certain information regarding Crown Point set forth in this document, including our proposed acquisition of Antrim Argentina S.A., may constitute forward-looking statements under applicable securities laws. The forward-looking information is based on certain key expectations and assumptions made by Crown Point, including our assumption that all of the conditions precedent to closing such acquisition will be satisfied and that the acquisition will ultimately close. Although Crown Point believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Crown Point can give no assurances that they will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. There are risks inherent in the nature of the proposed acquisition, including failure to obtain the required shareholder, court, regulatory and other third party approvals. There are no assurances the acquisition will be completed. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Readers are cautioned that the foregoing list of factors is not exhaustive.
Crown Point’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur. Additional information on these and other factors that could affect Crown Point’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website( (www.sedar.com) ) or Crown Point’s website ((www.crownpointenergy.com) ). The forward-looking statements contained in this document are made as at the date of this news release and Crown Point does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
The forward-looking statements contained in this document are made as at the date of this news release and Crown Point does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Neither 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 news release.
For further information concerning the Company, please contact us directly.