Columbus Exploration Corporation
TSX VENTURE : CLX

Columbus Exploration Corporation

February 06, 2015 12:27 ET

Columbus Exploration Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 6, 2015) - Columbus Exploration Corporation (TSX VENTURE:CLX) ("Columbus Exploration") is pleased to announce a non-brokered private placement of 900,000 shares of Columbus Exploration at a price of $0.10 per share, for total gross proceeds of $90,000. Finders' fees of 10% in shares of Columbus Exploration may be paid in connection with the private placement in accordance with the policies of the TSX Venture Exchange (the "TSX-V"). Columbus Exploration intends to use the proceeds of the private placement for general working capital purposes. The private placement is subject to approval by the TSX-V.

ON BEHALF OF THE BOARD,

Robert F. Giustra, President, CEO, and Director

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 release contains forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). In particular, and without limitation this news release contains forward-looking statements pertaining to the private placement, use of proceeds thereof, and potential payment of finders' fees. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by the forward-looking statements, including without limitation: whether Columbus Exploration is able to complete the private placement on the terms set out herein or at all; Columbus Exploration's ability to obtain applicable regulatory approvals for the private placement; Columbus Exploration's ability to locate suitable investors; Columbus Exploration's ability to rely on exemptions from prospectus and registration requirements in applicable law, both in Canada and in other applicable jurisdictions; if required, the ability of Columbus Exploration to locate finders; whether the TSXV will approve the private placement on the terms contained herein or at all; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about: that the private placement will be completed on the terms set out herein in a timely fashion; that Columbus Exploration will be able to locate suitable investors and to rely on applicable prospectus and registration exemptions in connection therewith; that the TSXV will approve the private placement on the terms set out herein; general business and economic conditions; and availability of financing. Although the foregoing forward-looking statements are considered reasonable at the time of preparation, the aforementioned assumptions and factors may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The aforementioned factors and assumptions are not exhaustive. Columbus Exploration's actual results, performance, or achievement could differ materially from those expressed in, or implied by, these forward-looking statements. We can give no assurance that any of the events anticipated will transpire or occur, or if any of them do, what benefits we will derive from them. The forward-looking information contained in this document is expressly qualified by this cautionary statement. The foregoing list is not exhaustive and Columbus Exploration undertakes no obligation to update any of the foregoing except as required by law.

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