All Group Financial Services Inc.

All Group Financial Services Inc.

September 16, 2014 13:06 ET

All Group Financial Services Inc. Advises of Oando Energy Resources Inc. Control Block Distribution

TORONTO, ONTARIO--(Marketwired - Sept. 16, 2014) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

All Group Financial Services Inc. ("All Group") advises that it has been appointed by Oando PLC, a control block holder of Oando Energy Resources Inc. ("OER" or the "Company") (TSX:OER), to facilitate the sale of up to 60,000,000 common shares of OER. The sale will be made through the facilities of the Toronto Stock Exchange. For more information, please call Mr. James Moon, Managing Director Investment Banking at 416-613-1530.

About All Group Financial Services Inc.

All Group Financial Services Inc. is an independent, full-service financial services firm focused on providing wealth management and capital markets services. Privately held, All Group is registered as a non-trading member of both the Toronto Stock Exchange and TSX Venture Exchange. The retail division at All Group manages approximately $1 Billion in assets and is focussed on providing investors with access to a broad range of investing opportunities, from government T-Bills to investing in seed capital. All Group's core strategy involves making an early commitment to building strong relationships with our clients, both issuing companies and investors. All trade execution, clearing and custody of assets is transacted through our carrying broker, Fidelity Clearing Canada ULC.

Forward Looking Statements:

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. In particular, this news release contains forward-looking statements relating to intended acquisitions.

Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that such statements and information will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: risks related to international operations, the ability to integrate businesses and assets acquired in connection with mergers and acquisitions, the impact on OER shareholders of the sale of shares described herein, the actual results of current exploration and drilling activities, changes in project parameters as plans continue to be refined and the future price of crude oil. Accordingly, readers should not place undue reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive.

Additional information on these and other factors that could affect the Company's financial results are included in reports on file with applicable securities regulatory authorities and may be accessed under the Company's profile on SEDAR website (www.sedar.com). The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Contact Information

  • Mr. Michael Comeau
    Chairman of the Board
    All Group Financial Services Inc.
    Tel: 416-613-1540
    Email: mcomeau@allgroup.ca