EFV:CC - EF EnergyFunders Announces Trading of Yield Fund I on tZERO ATS
(TheNewswire)
March 8, 2023 – TheNewswire - Calgary, Alberta – EF EnergyFunders Ventures,Inc. (“ EFV ” or the “ Corporation ”) (TSXV:EFV) announced today that one ofthe funds opened by its indirect US subsidiary, EnergyFunders LLC(“EnergyFunders”), namely, EnergyFunders Yield Fund I, LLC(“Yield Fund I”), has commenced trading on tZERO ATS. tZERO ATS isa transparent, continuous, and automated marketplace, which provides aregulated and compliant venue for the trading of a range of digitaland conventional securities. EnergyFunders raised nearly $15 millionin 2022 from almost 200 investors, and today marks the first time thatan EnergyFunders fund is available for secondary trading, providingbroader access to unique assets, enabling price transparency andlow-friction continuous liquidity for equity resales in the privatecompany. EnergyFunders does not own an equity interest in Yield Fund Ibut earns a fund origination fee that ranges from one percent (1%) andfive percent (5%) of the investment amount, and an annual fee of twopercent (2%) of the assets under management. For further informationon Yield Fund I, please refer to the Corporation’s news releasedated September 30, 2021.
Laura Pommer, CEO of EFV shared, “This project hasbeen in the works behind the scenes with such avid interest from thepublic that we’re ecstatic it’s finally live. Management expectsthat our investors will be able to benefit greatly from the tZEROtrading, and we’re also thrilled to connect with other investors whotrade on tZERO ATS.”
Investors with an account at tZERO’s retailbroker-dealer subsidiary, tZERO Markets, are now able to trade YieldFund I’s digitally enhanced security. Investors looking to open atZERO Markets brokerage account should visithttps://www.tzero.com/investors/register.
tZERO CEO David Goone noted, “The addition of YieldFund I to the tZERO ATS introduces a new asset class to our investorcommunity. We are excited to welcome Yield Fund I investors onto tZEROMarkets and look forward to continuing our expansion of oil and gasofferings within our investment opportunities.”
Neither the TSXVenture Exchange nor its Regulation Services Provider (as the term isdefined in the policies of the TSX Venture Exchange) accepts responsibility forthe adequacy or accuracy of this release.
EF EnergyFunders Ventures, Inc. is an oil and naturalgas investment company headquartered in Calgary, Alberta, withexecutive offices in San Antonio, Texas. The Corporation's commonshares are listed on the TSX Venture Exchange under the trading symbol“EFV” and on the OTC Pink as “EFVIF”.
For further information please contact:
Laura Pommer
Chief Executive Officer
Email: laura@energyfunders.com
EF EnergyFunders Ventures, Inc.
716 S. Frio St., Suite 201
San Antonio, Texas 78207
Telephone: 254-699-0975
Media Contact:
Aquila Mendez-Valdez
210-606-5251
This press release shall not constitute an offer tosell or a solicitation of an offer to buy these securities, nor shallthere be any sale of these securities in any state or otherjurisdiction in which such offer, solicitation or sale would beunlawful prior to the registration or qualification under thesecurities laws of any such state or other jurisdiction.
Forward-Looking Statements
This news release contains “forward-lookinginformation” within the meaning of applicable Canadian securitieslegislation. All statements, other than statements of historical fact,included herein are forward-looking information. Generally,forward-looking information may be identified by the use offorward-looking terminology such as “plans”, “expects” or“does not expect”, “proposed”, “is expected”,“budgets”, “scheduled”, “estimates”, “forecasts”,“intends”, “anticipates” or “does not anticipate”, or“believes”, or variations of such words and phrases, or by the useof words or phrases which state that certain actions, events orresults may, could, would, or might occur or be achieved. Inparticular, this news release contains forward-looking informationregarding the business of EFV and EnergyFunders. There can be noassurance that such forward-looking information will prove to beaccurate, and actual results and future events could differ materiallyfrom those anticipated in such forward-looking information. Thisforward-looking information reflects EFV's current beliefs and isbased on information currently available to EFV and on assumptions EFVbelieves are reasonable. These assumptions include, but are notlimited to: the underlying value of EFV’s common shares; and the?market acceptance of EFV's business strategy?.
Forward-looking information is subject to known andunknown risks, uncertainties and other factors that may cause theactual results, level of activity, performance or achievements of EFVto be materially different from those expressed or implied by suchforward-looking information. Such risks and other factors may include,but are not limited to: volatility in market prices for oil andnatural gas; constraints on sour gas production; the availability ofcommodity markets and third party equipment, infrastructure andservices; liabilities inherent in oil and natural gas operations;uncertainties associated with estimating oil and natural gas reserves;geological, technical, drilling and processing availability, upsets orproblems; general business, economic, competitive, political andsocial uncertainties; general capital market conditions and marketprices for securities; delay or failure to receive board or regulatoryapprovals; the actual results of future operations; competition;changes in legislation, including environmental legislation, affectingEFV; the timing and availability of external financing on acceptableterms; and lack of qualified, skilled labour or loss of keyindividuals. A description of additional assumptions used to developsuch forward-looking information and a description of additional riskfactors that may cause actual results to differ materially fromforward-looking information can be found in EFV's disclosure documentson the SEDAR website at www.sedar.com. Although EFV has attempted toidentify important factors that could cause actual results to differmaterially from those contained in forward-looking information, theremay be other factors that cause results not to be as anticipated,estimated or intended. Readers are cautioned that the foregoing listof factors is not exhaustive. Readers are further cautioned not toplace undue reliance on forward-looking information as there can be noassurance that the plans, intentions or expectations upon which theyare placed will occur. Forward-looking information contained in thisnews release is expressly qualified by this cautionary statement. Theforward-looking information contained in this news release representsthe expectations of EFV as of the date of this news release and,accordingly, is subject to change after such date. However, EFVexpressly disclaims any intention or obligation to update or reviseany forward-looking information, whether as a result of newinformation, future events or otherwise, except as expressly requiredby applicable securities law.
tZERO ATS, LLC
tZERO ATS, LLC is a broker-dealer registered with theU.S. Securities and Exchange Commission and a member of the FinancialIndustry Regulatory Authority and Securities Investor ProtectionCorporation. More information about tZERO ATS, LLC may be found athttps://brokercheck.finra.org/ and https://ats.tzero.com/.
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