Azabache Energy Inc.

TSX VENTURE : AZA


Azabache Energy Inc.

December 24, 2013 17:56 ET

Azabache Announces Closing of Private Placement

CALGARY, ALBERTA--(Marketwired - Dec. 24, 2013) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Azabache Energy Inc. (TSX VENTURE:AZA) ("Azabache" or the "Company"). Further to the Company's press release dated December 23, 2013, the Company wishes to advise that it has closed in escrow, an additional 4,088,461 units (the "Units") of the Company for additional proceeds of $531,499.93 (the "Additional Subscription"). As a result of the Additional Subscription, the purchaser of the Units will become an insider of the Company (the "Insider"), holding greater than 10% of the issued and outstanding shares of the Company which requires TSX Venture Exchange (the "TSXV") approval. Closing of the Additional Subscription is expected to occur in January 2014 upon clearance by the TSXV of the Insider's personal information form.

For further information on Azabache Energy please visit the Company's website at www.azaenergy.com.

Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release contains forward-looking statements. More particularly, this press release contains statements concerning expected regulatory approval and the closing of the Additional Subscription. The forward-looking statements contained in this document are based on certain key expectations and assumptions made by Azabache, including with respect to regulatory approval. Although Azabache believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Azabache 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. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals. The forward-looking statements contained in this document are made as of the date hereof and Azabache 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.

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