Veraz Petroleum Ltd.

Veraz Petroleum Ltd.
Momentus Energy Corp.

Momentus Energy Corp.

October 02, 2014 09:00 ET

Momentus Energy Corp. and Veraz Petroleum Ltd. Announce Termination of Proposed Reverse Takeover

CALGARY, ALBERTA--(Marketwired - Oct. 2, 2014) - Veraz Petroleum Ltd. ("Veraz") (TSX VENTURE:VRZ.H) and Momentus Energy Corp. ("Momentus") announce that the arrangement agreement between the parties whereby Momentus was to acquire Veraz by way of reverse takeover has been terminated due to the related financing for minimum gross proceeds of $10 million not being completed, which was a condition to completion of the transaction. Accordingly, the proposed reverse takeover will not be completed.

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.

Contact Information

  • Momentus Energy Corp.
    Paul Starnino
    President and Chief Executive Officer
    (403) 862-2143

    Veraz Petroleum Ltd.
    Paul Baay
    Chairman of the Board
    (403) 619-8407