CALGARY, ALBERTA--(Marketwire - Feb. 27, 2012) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Bowood Energy Inc. ("Bowood" or the "Company") (TSX VENTURE:BWD) announces that its Board of Directors has determined to evaluate a range of strategic alternatives aimed at enhancing shareholder value. In addition, Bowood has engaged GMP Securities L.P. ("GMP") to advise the Board of Directors with respect thereto.
Strategic alternatives may include, among other alternatives: a sale of the shares of the Company, either in one transaction or in a combination of transactions; a merger, recapitalization, arrangement, amalgamation or any combination thereof; or a sale of a material portion of the assets of the Company.
The Company cautions that there are no guarantees that the strategic alternative review process will result in a transaction or, if a transaction is undertaken, as to its terms or timing. The Company has not set a definitive schedule to complete its evaluation and does not intend to disclose developments with respect to this process unless and until the evaluation has been completed or a definitive agreement has been reached, unless otherwise determined or required by law.
For additional information please email requests to bowoodenergy@gmpsecurities.com.
About Bowood Energy Inc.
With operations based in Calgary, Alberta, Bowood Energy Inc. is a TSX-V Tier 2 corporation. Through its wholly owned subsidiary, Bowood Energy Ltd., the Company is engaged in the acquisition, exploration, development, and production of oil and gas resources. Projects are currently situated in the Provinces of Alberta.
For more information on Bowood Energy Inc. (TSX VENTURE:BWD) and to see the updated corporate presentation please visit our website at: http://www.bowoodenergy.ca.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Bowood in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. Person absent registration or an applicable exemption from the registration requirements of such Act or laws.
Reader Advisories
Forward-Looking Statements: Certain information included in this press release constitutes forward-looking statements and information under applicable securities legislation. Such forward-looking information is provided for the purpose of providing information about various matters related to the strategic alternatives process. e. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project" or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information in this press release may include, but is not limited to, information with respect to the strategic alternatives review process, the potential types of transactions that could result from the strategic alternatives review process,, the anticipated benefits of enhanced shareholder value that may result from such potential transaction. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect. Although Bowood believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because Bowood can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this press release, assumptions have been made regarding and are implicit in, among other things the ability of Bowood to conduct the strategic alternatives review process and if a transaction is entered into, to realize the anticipated benefits of thereof. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Bowood and described in the forward-looking information. The material risk factors affecting Bowood and its business are contained in Bowood's Annual Information Form which is available under Bowood's issuer profile on SEDAR at www.sedar.com. The forward-looking information contained in this press release is made as of the date hereof and Bowood undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward looking information contained in this press release is expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.