Outrider Energy Corp. Announces $112,500 Financing
April 8, 2016
Vancouver, British Columbia – Outrider Energy Corp. (CSE: MCF) (the “Company”) is pleased to announce it intends to conduct a non-brokered private placement of up to 1,000,000 units (the “Units”) at a price of $0.1125 per Unit, for gross proceeds of up to $112,500 (the “Offering”). Each Unit will be comprised of one common share of the Company and one transferable share purchase warrant (a “Warrant”). Each whole Warrant is exercisable into one additional common share at an exercise price of $0.15 per share for a period of five years from the closing date of the Offering.
The common shares and Warrants underlying the Units and any common shares acquired on exercise of the Warrants will be subject to a four month hold period from the date of the issuance.
The proceeds from the Offering will be used for general working capital.
For further information, please contact:
John G. Proust
President and Chief Executive Officer
Outrider Energy Corp.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the word “will” and “intends” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. This document contains forward-looking statements and assumptions pertaining to the following: the Offering; the completion of the Offering; and the use of proceeds from the Offering. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.