RE:Standby Letter of Credit [SLOC]ok, but this SLOC is not yet signed!!:
Forward-looking statements in this press release include those concerning the timing of the anticipated completion of the private placement, the issuance of a Standby Letter of Credit by Vagobel in the amount of US$62 million as well as those concerning Vagobel's intent to enhance its visibility in Central Asia through MNP Petroleum and its intent to explore opportunities in the maritime bunkering industry and the alternative and bio energy industries in the near future. While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect current judgment regarding the direction of MNP's business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this press release. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risk of unexpected delays arising from field conditions, MNP's ability to raise the necessary capital and other risks identified in MNP's periodic filings with the Securities and Exchange Commission on EDGAR. Any of these risks could cause MNP's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Except as required by applicable law, including the securities laws of the United States and Canada, MNP does not intend to update any of the forward-looking statements to conform these statements to actual results.
Read more at https://www.stockhouse.com/news/press-releases/2015/03/03/stichting-vb-vagobel-requests-further-extension-of-closing-date-of-private#iKROOuDVmlYxhutL.99