COMPLIANCE ENERGY COMPLETES $380,000 FINANCING
Vancouver, B.C., May 30, 2014 - Compliance Energy Corporation (the “Company” or “Compliance”) is pleased to announce that it has completed the non-brokered private placement (the “Private Placement”) of common shares announced on May 5, 2014. The Company has issued 15.2 million common shares (the “Shares”) at a purchase price of $0.025 per share for gross proceeds of $380,000. The Company has paid a $38,000 cash finder’s fee in connection with the Private Placement.
The Shares issued under the Private Placement are subject to a four month hold period which expires October 1, 2014. The proceeds of the financing will be used in connection with the Company’s Raven project and for general working capital purposes, and will not be used primarily to pay management fees.
On behalf of the Board of
COMPLIANCE ENERGY CORPORATION
Grant Tanaka, CA
Chief Financial Officer
Contact Steve Ellis, President & COO at 250-871-7910 or Grant Tanaka, CFO at 604-689-0489 for further information.