Toronto, Ontario--(Newsfile Corp. - June 18, 2020) - Advantagewon Oil Corp., (CSE: AOC), (OTC Pink: ANTGF), (the "Corporation", "Advantagewon", "AOC") announced that effective of the date of this press release, the Corporation had signed and that it had entered into a Purchase Agreement where the Corporation has agreed to acquire Opulence Resources Inc., ("Opulence") an Alberta based Private Company for the amount of Twenty-Five Thousand Dollars ("$25,000.00") CDN.
Opulence's assets consist of "General Eligibility" licenses from the Alberta Energy Regulator and another similar license from the Saskatchewan Ministry of Energy and Resources.
These licenses will allow AOC to pursue additional acquisition opportunities that were not previously available to the Corporation as well as operate more efficiently when we bring additional reactivation and recompletion projects on-line in the future.
No finders' fees were paid in connection of the purchase of Opulence and Opulence has no connection to the Management or Directors of the Corporation and therefore the transaction is deemed as an arm's length transaction.
About Advantagewon Oil Corp.
Advantagewon is focused on building consistent cash flow from low cost, low risk oil wells. Advantagewon's common shares are listed on the OTC Markets in the United States and on the Canadian Securities Exchange ("CSE") in Canada. Advantagewon is a member of the CSE Composite Index (CSE: AOC). For more information please visit www.aoc-oil.com
For further information please contact:
Mr. Stephen Hughes
CEO & Director
Advantagewon Oil Corp
T: (587) 580-9344
Mr. Frank Kordy
Secretary & Director
Advantagewon Oil Corp.
T: (647) 466-4037
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58135