(via Thenewswire.ca)
Halifax, Canada / TNW-ACCESSWIRE / November 25, 2014 / Nwest Energy Corp. (TSXV: NWN) (the "Company") announces today that it is withdrawing its efforts to make an offer to acquire all of the outstanding common shares of Bird River Resources Inc. (CSE: BDR) ("Bird River").
Following a strategic review by the Company of other oil and gas opportunities, NWest Energy has decided to withdraw its interest in BRD . NWest Energy is reviewing opportunities in the Spearfish basin and also considering other oil assets in Alberta and Saskatchewan.
About NWest Energy Corp.
NWest Energy Corp. is a TSX Venture Exchange listed, Canadian-based resource company focused on exploration, acquisition and advancement of oil and gas properties. 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.
Cautionary Note Regarding Forward-Looking Statements
Certain of the statements made and information contained herein is "Forward-looking information" within the meaning of applicable securities laws, including statements regarding the proposed offer and take-over bid circular, terms of the offer, timing of the offer and the Company's intention to take steps to acquire the remaining Bird River shares and other Bird River securities following the take-over, which involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking information, including those described in each management's discussion and analysis released by the Company. In addition, forward-looking information is based on various assumptions including, without limitation, the Company's assessment of the effect of an offer on the Company, Bird River and Bird River's shareholders; the satisfaction of any conditions to an offer; the timing and prospects for shareholder approval; regulatory restrictions; and the speculative nature of the natural resources industry. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
For Further Information
Kevin Aylward, B. Comm, CEO /President, NWest Energy Corp., (902) 405-4751, 709 693-0080 cell , kaylward@nwestenergy.com
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