Tickers: XTSX:CEA
Tags: #Oil&Gas
TheNewswire - June 27th, 2019 - Cerus Energy Corp. ("Cerus") TSX-V Symbol:CEA
announces that the Company has formally completed the registered amalgamation of Camarico Group Ltd and TexAlta Industries Ltd. The amalgamated company will operate under the name of CamCon Canada Ltd.
CamCon Canada will be strategically utilized within the Camarico portfolio for development stage funding and operational services.
Portfolio interests and assets under CamCon Canada will be transferred to Cerus post completion of the name registration of Camarico Investment Group Ltd as a final step of the restructuring process.
This amalgamation marks a definitive milestone in Cerus' operations and transition into the cannabis sector.
About Cerus Energy Group Ltd.
Cerus is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange with property assets in both Alberta and Saskatchewan.
For further information, please contact:
Bruce Scafe, Secretarybscafe@cerusenergy.com
Alternate Contact.
Mackenzie Loree, CEO 1-403-861-6779
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKINGINFORMATION
Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others, risks arising from general economic conditions and adverse industryevents.
When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION ON AT ANY PARTICULAR TIME.
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