|By Marketwired .||
|July 30, 2014 07:21 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/30/14 -- Troy Energy Corp. (TSX VENTURE: TEG.H) (the "Corporation" or "Troy") announces the Corporation has closed a private placement of 3,300,000 common shares issued at $0.05 each for gross proceeds of $165,000. The terms of the private placement were announced on July 2, 2014 and the amount of the financing was increased from $150,000 to $165,000.
The proceeds of this offering will be used for investigation of new projects and working capital. Directors and Officers of the Corporation participated in the private placement. The common shares issued in this private placement are subject to a hold period expiring December 1, 2014.
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this news release includes, but is not limited to, the use of the net proceeds of the offering. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management as at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward -looking information include,but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, governmental regulation, including environmental regulation; unanticipated operating events or performance; failure to obtain third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and other risk factors disclosed under our profile on SEDAR at www.sedar.com/. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
Neither TSX Venture Exchange, NEX 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 the release.
Troy Energy Corp.
President and Chief Executive Officer
(604) 684-9877 (FAX)
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