Business
CGX Shareholders Approve Resolutions at Special Meeting
/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/ (TSX-...
About this update from Cgx Energy Inc.
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE\n SERVICES/\n\n\n(TSX-V | OYL)\n\n\nTORONTO, April 25, 2013 /CNW/ - CGX Energy Inc. (TSX-V - OYL) (\"CGX\" or\n the \"Company\") is pleased to announce that it has received shareholder\n approval in respect of the two resolutions that were proposed with\n 99.1% of disinterested shareholders voting in favour of the termination\n of the Company's shareholders rights plan and 99.1% of disinterested\n shareholders voting in favour of the previously announced brokered\n private placement offering of up to 400,000,000 units. Closing of the\n offering is expected to occur on April 26, 2013.\n\n\nAbout CGX Energy \n\n\nCGX is a Canadian-based oil and gas exploration company focused on the\n exploration of oil in the Guyana-Suriname Basin, an area in which the\n United States Geological Survey estimated a Pmean oil resource\n potential of 13.6 billion barrels in their Assessment of Undiscovered\n Conventional Oil and Gas Resources of South America and the Caribbean,\n 2012. CGX is managed by a team of experienced oil and gas and finance\n professionals from Guyana, Canada, the United States and the United\n Kingdom.\n\n\nNEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER\n (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)\n ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\n\n\nForward-Looking Statements:\n\n\nThis press release contains forward-looking statements. More\n particularly, this press release contains statements that include, but\n are not limited to, the closing of the private placement.\n Forward-looking statements are frequently characterized by words such\n as \"plan\", \"expect\", \"project\", \"intend\", \"believe\",  anticipate\",\n \"estimate\", \"may\", \"will\", \"would\", \"potential\", \"proposed\" and other\n similar words, or statements that certain events or conditions \"may\" or\n \"will\" occur. The forward-looking statements are based on certain key\n expectations and assumptions made by CGX. Although CGX believes that\n the expectations and assumptions on which the forward-looking\n statements are based are reasonable, undue reliance should not be\n placed on the forward-looking statements because CGX can give no\n assurance that they will prove to be correct. Since...