Vanoil Energy Ltd.
TSX VENTURE : VEL

Vanoil Energy Ltd.

July 24, 2014 19:15 ET

Vanoil Received Approval to Extend Warrant Expiry Date

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 24, 2014) - Vanoil Energy Ltd. ("Vanoil") (TSX VENTURE:VEL) is pleased to announce that the TSX Venture Exchange (the "Exchange") has consented today to the extension in the expiry date of the following share purchase warrants (the "Warrants"): (i) 4,025,818 Warrants expiring August 2, 2014; (ii) 4,291,666 Warrants expiring August 10, 2014; and (iii) 56,423 Warrants expiring August 21, 2014. The 8,373,937 Warrants exercisable at a price of CDN$1.00 have all been extended to August 2, 2017.

These Warrants were issued pursuant to a private placement of 8,373,937 Units with 8,373,937 Warrants attached, which was accepted for filing by the Exchange effective August 9, 2012 and August 24, 2012.

In all other respects, the terms of the Warrants will remain unchanged and in full force and effect.

On behalf of the Board of

VANOIL ENERGY LTD.

James Passin, Chairman

To find out more about Vanoil, please visit our website at www.vanoil.ca.

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

  • Vanoil Energy Ltd.
    Sam Malin
    CEO
    + 44 7624 392 045

    Vanoil Energy Ltd.
    Malcolm Burke
    +1 605 689 1515 x 108

    Vanoil Energy Ltd.
    Scott Rose
    +1 604 684-1974 x 227
    info@vanoil.ca
    www.vanoil.ca