Calgary, Alberta--(Newsfile Corp. - September 2, 2015) - WELLSTAR ENERGY CORP. (TSXV: WSE) announced today that it increased, subject to regulatory approval, its non-brokered private placement in the aggregate amount up to $750,000 from $500,000 as previously announced on May 1, 2015.
For further information, please contact Andrew H. Rees at (403) 919-7900.
ON BEHALF OF THE BOARD
(signed) "Andrew H. Rees"
Andrew H. Rees
President and Chief Executive Officer
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 release.
This news release contains forward-looking statements. More particularly, this news release contains statements concerning the anticipated Offering. Although WellStar believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because WellStar can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The closing of the Offering could be delayed if WellStar is not able to obtain the necessary regulatory and stock exchange approvals on the timelines it has planned. The Offering will not be completed at all if these approvals are not obtained or some other condition to the closing is not satisfied. Accordingly, there is a risk that the Offering will not be completely sold, completed within the anticipated time or at all. Additional information on these and other factors that could affect WellStar's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com).
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