Silk Road Energy Inc.
TSX VENTURE : SLK

Silk Road Energy Inc.

August 11, 2015 18:26 ET

Silk Road Energy Inc. Announces Expiry of Letter of Intent With Aurora Exploration, LLC

CALGARY, ALBERTA--(Marketwired - Aug. 11, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Silk Road Energy Inc. (the "Corporation" or "Silk Road") (TSX VENTURE:SLK) announces that further to the Corporation's announcement of March 23, 2015, the Corporation's non-binding letter of intent with Aurora Explorations, LLC ("Aurora") in connection with a proposed business combination between the Corporation and Aurora, has expired due to delays in negotiating and entering into a definitive agreement.

The common shares of the Corporation have been halted from trading on the TSX Venture Exchange since March 19, 2015. The common shares of the Corporation will remain halted pending review of Exchange requirements. The Corporation may reconsider a business combination with Aurora in the future once issues causing the delay have been addressed, and will also consider other potential acquisition opportunities as they arise.

Cautionary Statements:

This press release contains forward-looking information. More particularly, this press release contains statements concerning possible future transactions which may be considered or undertaken by the Corporation. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Forward-looking information involves known and unknown risks, uncertainties, assumptions (including, but not limited to, assumptions on the performance and financial results of the Corporation) and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations 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.

Neither TSXV Venture Exchange Inc. nor its Regulations Services Provider (as that term is defined in the policies of the TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Silk Road Energy Inc.
    Richard Colling
    Chief Financial Officer
    (780) 416-3989