Lateral Capital Corp.
TSX VENTURE : LCP

Lateral Capital Corp.

August 22, 2013 16:21 ET

Lateral Capital Corp. Continues to Pursue Financing

CALGARY, ALBERTA--(Marketwired - Aug. 22, 2013) -

NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

Lateral Capital Corp. ("Lateral" or the "Company") (TSX VENTURE:LCP) announces the withdrawal of its amended and restated preliminary prospectus dated May 13, 2013 due to the expiry of the period to file a final prospectus under applicable securities laws. Lateral continues to pursue financing opportunities to fund the proposed acquisitions of petroleum and natural gas assets (as further described in the news releases dated May 6, 2013, March 11, 2013, February 13, 2013, December 14, 2012 and November 28, 2012, all of which are available on SEDAR at www.sedar.com) that may include a private placement of common shares, preferred shares or debt instruments or the establishment of a debt facility. The completion of any financing will be subject to the approval of the TSX Venture Exchange.

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 press release does not constitute an offer of the securities of the Company for sale in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, (the "1933 Act") as amended, and may not be offered or sold within the United States absent registration or an exemption from registration under the 1933 Act. 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.

Cautionary and Forward-Looking Statements

This news release contains forwardlooking statements and forwardlooking information within the meaning of applicable securities laws including forward-looking statements relating to the ability of Lateral to obtain financing through a private placement or the establishment of a debt facility; the potential proceeds of any such financing being sufficient to complete the proposed asset acquisitions; and the proposed acquisitions of petroleum and natural gas assets including the completion thereof. With respect to forward-looking statements and forward-looking information contained in this news release, assumptions have been made regarding, among other things, the Company's ability to obtain required financing on acceptable terms or at all and its ability to complete the proposed acquisition of petroleum and natural gas assets. Although the Company believes the assumptions reflected in the forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements because Lateral can give no assurance that such expectations will prove to be correct. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties including risks relating to the Company's ability to raise sufficient financing and other risks described in the Company's publicly filed documents available on SEDAR. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will occur, or if any of them do so, what benefits the Company will derive therefrom. The forward-looking statements included in this news release are expressly qualified by this cautionary statement and are made as of the date hereof and no undertaking is given to update publicly or revise any forwardlooking statements or information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Contact Information

  • Lateral Capital Corp.
    Corbin Blume
    President & CEO
    (587) 350-7500
    (587) 350-7505 (FAX)
    730, 1015 - 4th Street SW
    Calgary, Alberta T2P 2V7