TSX-V: ONV
VANCOUVER, Nov. 7, 2018 /CNW/ - Oronova Energy
Inc. ("Oronova" or the "Company") (TSX.V: ONV) is pleased to announce that it has retained Canopus Capital
AG ("Canopus" or the "Consultant") to provide financial advisory services. In connection with the foregoing
appointment, the Company announces the grant of 600,000 incentive stock options under the Company's stock option plan to Canopus
at an exercise price of $0.105 per share for a period of two years.
Canopus, is a Liechtenstein-based asset management company and advisory group, specialized in
financing oil & gas operations both domestically and internationally. Its shareholder and CEO, Gilles
Koch has a track record in the sector of over 20 years.
On behalf of the Board of Oronova Energy Inc.
"David Farrell"
Chief Executive Officer
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities
commission or other regulatory authority has approved nor disapproved the information contained herein.
Forward Looking Statements
This news release contains forward looking statements relating to the future ooperations of the Corporation and
other statements that are not historical facts. Forward Looking Statements are often identified by terms such as "will", "may",
"should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in
this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward
looking statements that involve risk and uncertainties, There can be no assurances 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 Corporation's expectations are exploration risks detailed from time to
time in the filings made by the Corporation within the securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward looking statements/information may prove to
be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous
known or and unknown risks, uncertainties and other factors many of which are beyond the control of the Corporation. As a result
we cannot guarantee that any forward looking statement will materialize and the reader is cautioned not to place any undue
reliance on any forward looking statements/information. Such information, although considered reasonable by management at the
time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward looking
statements contained in this News release are made as of the date of the release and the Corporation does not undertaken any
obligation to update publicly or to revise any of the included forward looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by Canadian securities law.
SOURCE Oronova Energy Inc.
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