Silk Road Energy Inc.
TSX VENTURE : SLK

Silk Road Energy Inc.

July 23, 2015 17:12 ET

Silk Road Energy Inc. Announces Sale of Assets in the Columbia Region of Alberta

CALGARY, ALBERTA--(Marketwired - July 23, 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) is pleased to announce that it has entered into, with conditional approval from the TSX Venture Exchange, a binding purchase and sale agreement with an intermediate crude oil and gas company to sell all of the Corporation's right, title and interest in petroleum and natural gas and related assets and interests in the Columbia area of Alberta for C$707,000 in cash.

The transaction is expected to be closed on or before August 4, 2015.

Cautionary Statements:

This press release contains forward-looking information. More particularly, this press release contains statements concerning the Sale being entered into 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 Purchaser and 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.

The TSXV has in no way passed upon the merits of the proposed Debt Settlements and has neither approved nor disapproved the contents of this press release.

Neither TSXV Venture Exchange Inc. nor its Regulations Services Provided (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