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Madalena Announces Termination of Acquisition and Offering
Madalena Announces Termination of Acquisition and Offering Madalena Announces Term...
About this update from Centaurus Energy Inc.
[{"type":"text","content":"\n\n\n\nMadalena Announces Termination of Acquisition and Offering\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nMadalena Announces Termination of Acquisition and Offering\nCanada NewsWire\nCALGARY, March 14, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./\n\n\n\nCALGARY, March 14, 2016 /CNW/ - Madalena Energy Inc. (\"Madalena\" or the \"Company\") (TSXV: MVN and OTCQX: MDLNF) announces that, due to prevailing market conditions, it has elected not to proceed with the acquisition of an additional 10% working interest in the Coiron Amargo block in Argentina and the related marketed public offering of common shares of the Company, previously announced on March 1, 2016.\n\nAbout Madalena Energy\n\nMadalena is an independent, Argentina focused, upstream oil and gas company.\n\nMadalena holds approximately 950,000 net acres in four provinces of Argentina where it is focused on the delineation of large shale and unconventional resources in the Vaca Muerta shale, Lower Agrio shale, Loma Montosa oil play and the Mulichinco liquids-rich gas play. The Company is implementing horizontal drilling and completions technology to develop both its conventional and resource plays.\n\nMadalena trades on the TSX Venture Exchange under the symbol MVN and on the OTCQX under the symbol MDLNF. \n\nNeither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\nTHE SECURITIES OFFERED HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS. THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL.\nSOURCE Madalena Energy Inc.\n\n\n\n\n\n\nKevin Shaw, P.Eng, MBA, President ...