Result Energy Inc. Announces Completion of Property Disposition

About this update from Route 109 Resources Inc.

[{"type":"text","content":"\n\n\n\nCALGARY, May 1 /CNW/ - Result Energy Inc. ('Result'; TSX-V: RTE)\nannounces that it has closed the disposition of its Dodsland assets in\nsouthwest Saskatchewan for gross proceeds of $11.8 million. A fee of $265,500\nis payable to the agent which conducted the sale process. The sale proceeds\nhave sharply reduced the Company's debt and should leave Result with a debt to\nforward cash flow ratio of approximately 1:1.\n\n\nResult Energy Inc. is a publicly traded Canadian energy company involved\nin the exploration and development of oil and gas properties in western\nCanada. Result trades on the TSX Venture Exchange under the symbol "RTE".\n\n\nInvestors are cautioned that this news release contains forward looking\ninformation. Such information is subject to known and unknown risks,\nuncertainties and other factors that could influence actual results or events\nand cause actual results or events to differ materially from those stated,\nanticipated or implied in the forward-looking information. Readers are\ncautioned not to place undue reliance on forward-looking information, as no\nassurances can be given as to future results, levels of activity or\nachievements.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nand accuracy of this release.\n\n\n","length":1362,"tagName":"div"}]

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