News! August21, 2020 - TheNewswire - VANCOUVER,B.C.-HillcrestPetroleumLtd.(the"Company"or"Hillcrest"), (TSXV:HRH), (OTC:HLRTF),ispleasedtoannounce the Company has signed a Financial and Advisory Services Agreement with a New York based capital and advisory firm. The agreement outlines the scope of work will include but is not limited to:
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- Advisory work on corporate and financial strategies,
- Introduction to potential business or institutional entities with interest or ability to partner in Hillcrest projects,
- Advice and coordination of certain corporate events
- Advising Hillcrest in our intent to be quoted and trading on a US listing service in addition to our current Canadian listing.
The agreement has a term of 1 year at a cost of USD $15,000 per quarter.
"Hillcrest intends to broaden our current, primarily Canadian, business network and believes the relationship with our New York advisors will greatly assist in that effort."DonCurrie,HillcrestCEOstates. "There is a large, untapped business community who may have interest in participating or financially supporting a producing energy company, with profitable oil production at field level or to participate in Licensing, marketing and deployment of a potentially disruptive US Patented Energy Efficiency technology. Aligning ourselves with an established US based financial and advisory group is expected to accelerate Hillcrest's business objectives. The Company appreciates the incredible support of the Canadian business community and believes building a more extensive network in the US and following that, the EU, is critical to corporate growth.Welookforwardtoandwill continue toadviseasdevelopmentshappen,ormaterial events occur."