VANCOUVER, BC / ACCESSWIRE / September 17, 2015 / Columbus Energy Limited (TSXV:CEL) has negotiated, subject to regulatory approval, up to a 4,000,000 unit private placement, at $0.06 per unit to raise proceeds of up to $240,000. Each unit will consist of one common share and one transferable share purchase warrant allowing the purchaser to purchase one additional share, for a period of two years, at a price of $0.08 in the first year and $0.10 in the second year. A finder's fee may be paid on a portion of the placement in accordance with TSX Venture Exchange policies.
The proceeds from the private placement and exercise of warrants will be used for paying Company liabilities and working capital.
Neither 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.
"Glen Macdonald"
Columbus Energy Limited
President
Contact Information:
Douglas W. Scheving,
Corporate Secretary/CFO
Phone 1 604 684 7619
This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, exploration results and future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include market prices, exploitation and exploration results, availability of capital and financing, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, timeliness of government approvals, unanticipated environmental impacts on operations and other exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements.
SOURCE: Columbus Energy Limited