Newton Energy Corporation

September 03, 2009 19:23 ET

Newton Energy Corporation Announces TSX Venture Exchange Approval for Investor Relations Consulting Services

CALGARY, ALBERTA--(Marketwire - Sept. 3, 2009) - Newton Energy Corporation (the "Company" or "Newton") (TSX VENTURE:NTN) is pleased to announce that The Buick Group Corp. (the "Buick Group") of Toronto, Ontario has been approved by the TSX Venture Exchange Inc. ("Exchange") to provide investor relations consulting services to the Company. The Buick Group will work with the Company to obtain the objectives of the Company which may change from time to time to reflect the market conditions.

Newton has retained the Buick Group for a period commencing from September 1, 2009 and shall continue for six (6) months from the date thereof. The Buick Group's remuneration will be $2,500 (plus GST) per month and an additional rate of $750 (plus GST) per day for specific marketing and road show trips attended on behalf of the Company. In addition, the Company has agreed to pay any additional reasonable expenses incurred by the Buick Group in connection with the services provided plus a 5% administration fee on the expenses.

About Newton

Newton is an emerging oil exploration company focused on the underdeveloped basin in the East Midlands area of the United Kingdom, a contiguous area covering 100,000 acres located to the Southwest of the city of Nottingham. Newton has an additional licence covering an additional and adjacent 50,000 acres jointly with another UK company. With its 150,000 acres of exploration licences on six contiguous blocks, management believes it will become a leading onshore United Kingdom oil company. Newton maintains offices in Nottingham, England and Calgary, Alberta.


Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates", and similar expressions, are forward-looking statements that represents management of Newton's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Newton. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Newton's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Newton's filings with the Canadian securities authorities. Accordingly, holders of Newton's shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Newton disclaims any responsibility to update these forward-looking statements except as required by applicable securities legislation.

Neither 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

  • Newton Energy Corporation
    Barry Sadrehashemi
    Chief Financial Officer
    (403) 410-3822
    Newton Energy Corporation
    200, 638 - 11th Avenue SW
    Calgary, Alberta T2R 0E2