RE:RE:RE:RE:That was a very
Remember back a year or so when Lomac set up 25 million to fund the Vital project??? Well, there is a good start to fund this, and no immediate diluting the shares. insiders own most of the outstanding shares, it is not in their best interest to water this play down!!! see news release from last march. LOMAC Brokered Financing V.CEA | March 6, 2017 (TheNewswire) Nanton, AB / TheNewswire / March 3, 2017 The Directors and Management of Cerus Energy Group Ltd. ("Cerus" or "the Company), are pleased to announce that Lomac Canada Ltd. (Lomac) has engaged an advisor and placement agent. The agent will assist in raising, on a best effort basis, up to $25 million in Preferred Class B Shares. The purpose of the raise is for the development of Lomac as the primary funding and participation company for Cerus Energy Groups Development Finance Platform (DFP). The advisor will appoint a representative to the advisory board of Cerus and a Director to Lomac, for continued oversight and participation with the companies on an ongoing basis. The advisor has also purchased , Class A Common Shares, in Lomac, a minority position for an aggregate of 10% of the companys common shares. Upon successful completion of Lomacs Preferred Class B offering the advisor will be rewarded by Cerus with shares in the company that is not to exceed 10% of the current issued outstanding.Further detail will be supplied in future news releases by the company in accordance with the TSXV and securities law. About Cerus Energy Group Ltd. Cerus is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange with property assets in both Alberta and Saskatchewan. For further information, please contact: Bruce Scafe, Secretary 1-877-737-8864 or bscafe@cerusenergygroup.com Alternate Contact. Mackenzie Loree, CEO 1-403-861-6779 or mloree@cerusenergygroup.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD LOOKING INFORMATION Read more at https://www.stockhouse.com/news/press-releases/2017/03/06/lomac-brokered-financing#oOoypgS4JiSZLo6R.99