Business
Falcon Oil & Gas Ltd. files a non-offering preliminary prospectus
(TSXV Symbol: FO) DENVER, CO, Oct. 24 /CNW/ - Falcon Oil & Gas Ltd. (TSXV: FO) ("Falcon" or the "...
About this update from Falcon Oil & Gas Ltd.
[{"type":"text","content":"\n\n\n\n(TSXV Symbol: FO)\n\n\nDENVER, CO, Oct. 24 /CNW/ - Falcon Oil & Gas Ltd. (TSXV: FO) ("Falcon" or\nthe "Company") today announced that it has filed a non-offering preliminary\nshort form prospectus (the "Preliminary Prospectus") with the securities\nregulatory authorities in the provinces of British Columbia, Alberta and\nOntario.\n\n\nThe Preliminary Prospectus qualifies the distribution of common shares\n(collectively the "Common Shares") in the capital of Falcon underlying the\nspecial warrants previously issued by the Company (the "Special Warrants").\nThe Common Shares are issuable upon the automatic exercise of the Special\nWarrants.\n\n\nThe Special Warrants were previously issued to PetroHunter Energy\nCorporation ("PetroHunter") as partial payment for a 50% working interest in\nPetroHunter's 7 million acre prospect in Northern Territory, Australia.\n\n\nAbout Falcon Oil & Gas Ltd.\n\n\nFalcon Oil & Gas Ltd. is a British Columbia corporation in the business\nof oil and gas exploration and production. It has operations in Hungary\nthrough its wholly owned subsidiary TXM Oil and Gas Exploration, LLC, in\nRomania through its wholly owned subsidiary JVX Energy Corporation and in\nAustralia through its wholly owned subsidiary Falcon Oil & Gas Australia Pty\nLtd. Further information about Falcon is available at www.falconoilandgas.com.\n\n\nIn the interests of providing Company shareholders and potential\ninvestors with information regarding the Company, including the Company's\nassessment of its and its subsidiaries' future plans and operations, certain\nstatements included in this press release may constitute forward-looking\ninformation or forward looking statements (collectively, "forward-looking\nstatements"). All statements contained herein that are not clearly historical\nin nature are forward-looking, and the words "anticipate", "believe",\n"expect", "estimate" and similar expressions are generally intended to\nidentify forward-looking statements. Similarly, forward-looking statements in\nthis press release include, but are not limited to anticipated developments of\nthe Company's drilling project in Hungary and the timing thereof, the\nCompany's drilling project in Romania and the timing...