Business
Ironhorse Announces Closing of Asset Sale and Results Of Annual General Meeting
CALGARY , Nov. 28, 2013 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Compan...
About this update from Pond Technologies Holdings Inc.
[{"type":"text","content":"\n\n\nCALGARY, Nov. 28, 2013 /CNW/ - Ironhorse Oil & Gas Inc. (\"Ironhorse\" or\n the \"Company\") (TSX-V: IOG) announces the following:\n\n\nIronhorse is pleased to announce that on November 27, 2013 Ironhorse\n completed the sale of its interest in the Leon Lake area of\n Saskatchewan for proceeds of $7.2 million dollars.  Proceeds were used\n to repay the outstanding bank debt of $3.4.  Remaining funds of\n approximately $3.8 million will be used to fund capital expenditures\n required to complete the final development and on stream costs related\n to Pembina, as well as other ongoing working capital requirements. The\n Pembina 1-8 well is currently scheduled to spud within the next week.\n\n\nAt the annual and special meeting of the shareholders held today,\n shareholders approved the election of Larry J. Parks, Michael A. Royan,\n Robert Desbarats, Wayne W. Chow and Gerry C. Quinn as directors of the\n Company.  Shareholders also approved the Company's stock option plan\n and the appointment of Kenway Mack Slusarchuk Stewart LLP, Chartered\n Accountants to serve as the Company's auditors.\n\n\nIronhorse's November 2013 corporate presentation is now posted on its\n website at www.ihorse.ca\n\n\nAbout Ironhorse:\n\n\nIronhorse Oil & Gas Inc. is a Calgary-based junior oil and natural gas\n production company trading on the TSX Venture Exchange under the symbol\n \"IOG.\"\n\n\nForward-looking statements:\n\n\nCertain statements in this news release constitute forward-looking\n statements.  The forward-looking statements contained in this document\n are based on certain key expectations and assumptions made by\n Ironhorse.  Although Ironhorse believes that the expectations and\n assumptions on which the forward-looking statements are based are\n reasonable, undue reliance should not be placed on the forward-looking\n statements because Ironhorse can give no assurance that they will prove\n to be correct.\n\n\nThe forward-looking statements contained in this document are made\n hereof and Ironhorse undertakes no obligation to update publicly or\n revise any forward-looking statements or information, whether as a\n result of new information, future events or otherwise, unless so\n required by applicable securities laws.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n th...