EFV:CC - EF EnergyFunders Ventures Inc. Announces Issuance of Cease Trade Order and Suspension of Trading
(TheNewswire)
May 9, 2024 – TheNewswire – Calgary, Alberta – EF EnergyFunders Ventures,Inc. (the “Corporation” or “EnergyFunders”), announces that the Alberta SecuritiesCommission (the “ ASC ”) issued a cease trade order against theCorporation effective May 3, 2024, for failing to file audited annualfinancial statements, management’s discussion and analysis andannual certifications for the year ended December 31, 2023(collectively, the “ RequiredFilings ”) within the time period prescribed bysecurities regulation. In addition, as a result of the ASC ceasetrade order, the trading of the Corporation’s common shares on theTSX Venture Exchange was also suspended on May 6, 2024. The Required Filings have been delayed due to the recentchanges to the officers of the Corporation. Upon filing the RequiredFilings and revocation of the cease trade order, the Corporation willsubmit the required materials to the TSX Venture Exchange requestingthe reinstatement of trading.
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:
Jason Eubanks
Chief Executive Officer
Email: jason@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
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 potential lapse of the cease trade order, thereinstatement of trading on the TSX Venture Exchange of theCorporation’s common shares and the timing of such events. There canbe no assurance 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 EnergyFunders's current beliefsand is based on information currently availableto EnergyFunders and on assumptions EnergyFunders believes arereasonable. These assumptions include, but are not limited to: the ability of the Corporation to fulfil therequirements of the ASC and the TSX Venture Exchange, respectively,for the lapse of the cease trade order and reinstatement of trading ofthe Corporation’s common shares on the TSX VentureExchange ?.
Forward-looking information is subject to known andunknown risks, uncertainties and other factors that may cause theactual results, level of activity, performance or achievements ofEnergyFunders to be materially different from those expressed orimplied by such forward-looking information. Such risks and otherfactors may include, but are not limited to: volatility in marketprices for oil and natural gas; constraints on sour gas production;the availability of commodity markets and third party equipment,infrastructure and services; liabilities inherent in oil and naturalgas operations; uncertainties associated with estimating oil andnatural gas reserves; geological, technical, drilling and processingavailability, upsets or problems; general business, economic,competitive, political and social uncertainties; general capitalmarket conditions and market prices for securities; delay or failureto receive board or regulatory approvals; the actual results of futureoperations; competition; changes in legislation, includingenvironmental legislation, affecting EnergyFunders; the timing andavailability of external financing on acceptable terms; and lack ofqualified, skilled labour or loss of key individuals. A description ofadditional assumptions used to develop such forward-lookinginformation and a description of additional risk factors that maycause actual results to differ materially from forward-lookinginformation can be found in EnergyFunders's disclosure documents onthe SEDAR+ website at www.sedarplus.ca. Although EnergyFunders hasattempted to identify important factors that could cause actualresults to differ materially from those contained in forward-lookinginformation, there may be other factors that cause results not to beas anticipated, estimated or intended. Readers are cautioned that theforegoing list of factors is not exhaustive. Readers are furthercautioned not to place undue reliance on forward-looking informationas there can be no assurance that the plans, intentions orexpectations upon which they are placed will occur. Forward-lookinginformation contained in this news release is expressly qualified bythis cautionary statement. The forward-looking information containedin this news release represents the expectations of EnergyFunders asof the date of this news release and, accordingly, is subject tochange after such date. However, EnergyFunders expressly disclaims anyintention or obligation to update or revise any forward-lookinginformation, whether as a result of new information, future events orotherwise, except as expressly required by applicable securitieslaw.
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