EFV:CC - EnergyFunders: Strong 2022 Performance Generates More Opportunities for Investors
(TheNewswire)
San Antonio, Texas – TheNewswire - December 20, 2022 - EF EnergyFunders Ventures,Inc. (the “ Corporation ”) (TSXV:EFV) is pleased to provide an interim operational update for its fintech business unit subsidiary, EnergyFundersLLC (“ EnergyFunders ”).
In 2022, a year defined by inflation and marketvolatility, EnergyFunders demonstrated its continuing commitment tomaking oil and gas investment opportunities more accessible andpractical for today’s investor.
EnergyFunders’ Yield Fund I, which completed itsfundraising activities in Q1 2022 and managed the deployment of thoseinvestor funds in various oil and gas projects, produced somestand-out results throughout the year.
In response to the positive feedback from Yield Fund Iinvestors, along with rising demand for energy investmentopportunities that provide a hedge against inflation, EnergyFunderslaunched Yield Fund II, along with Drilling Fund I and America FirstEnergy Fund I in 2022. To date, managed investor capital in thesefour funds is just under $15 million. Total investor capital managedby EnergyFunders since its inception is now almost $30 million sinceits founding in 2013. EnergyFunders is preparing for a year-end influxof capital contributions to its funds as investors seek to capture theunique combination of tax benefits obtainable through oil and gasinvestments. Investors can begin to takeadvantage of this opportunity by creating an investor profile on thecompany’s website at www.EnergyFunders.com .
Laura Pommer, CEO of EnergyFunders, speaks for theentire team when she emphasizes the company’s dedication to breakingdown the costly and inefficient barriers to oil and gas investing thatare characteristic of the old way of doing business: “Our goal atEnergyFunders is to make wellhead economics available to a largersegment of the community of investors than ever before.” New energyand energy technology investment opportunities are in development for2023, and more information on those funds will be released early nextyear.
About EnergyFunders:
EnergyFunders is an industry-leading financialtechnology investment management firm offering private-market energydeals, sourced and vetted by industry experts. The company’s managedfunds include investments in oil and gas wells, as well as mobileBitcoin mining units powered by wellsite natural gas. By removing themiddlemen between investors and the wellhead, the company offersconsumers ownership in special purpose entities that directly investin oil and gas wells and Bitcoin mines. In addition to potentialreturns from these investments, EnergyFunders’ investors may alsoenjoy favorable tax deductions unique to oil and gas investments,along with the potential for passive income creation and inflationprotection. To invest or to learn more, please visit www.EnergyFunders.com .
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
Email: aquila@hitpr.com
Telephone: 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 notexpect","proposed", "is expected","budgets", "scheduled", "estimates","forecasts", "intends", "anticipates" or"does not anticipate", or "believes", orvariations of such words and phrases, or by the use of words orphrases which state that certain actions, events or results may,could, would, or might occur or be achieved. In particular, this newsrelease contains forward-looking information regarding the PommerEmployment Agreement, the Light Employment Agreement, and the businessof EnergyFunders. There can be no assurance that such forward-lookinginformation will prove to be accurate, and actual results and futureevents could differ materially from those anticipated in suchforward-looking information. This forward-looking information reflectsEnergyFunders's current beliefs and is based on information currentlyavailable to EnergyFunders and on assumptions EnergyFunders believesare reasonable. These assumptions include, but are not limited to: theunderlying value of EnergyFunders’s common shares, EnergyFunders'scurrent and initial understanding and analysis of its projects ?andthe exploration required for such projects; the ?costs ofEnergyFunders's projects; EnergyFunders's general ?andadministrative costs remaining constant; and the ?market acceptanceof EnergyFunders'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 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; theactual results of future operations; competition; changes inlegislation, including environmental legislation, affectingEnergyFunders; the timing and availability of external financing onacceptable terms; 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 EnergyFunders's disclosuredocuments on the SEDAR website at www.sedar.com. AlthoughEnergyFunders has attempted to identify important factors that couldcause actual results to differ materially from those contained inforward-looking information, there may be other factors that causeresults not to be as anticipated, estimated or intended. Readers arecautioned that the foregoing list of factors is not exhaustive.Readers are further cautioned not to place undue reliance onforward-looking information as there can be no assurance that theplans, intentions or expectations upon which they are placed willoccur. Forward-looking information contained in this news release isexpressly qualified by this cautionary statement. The forward-lookinginformation contained in this news release represents the expectationsof EnergyFunders as of the date of this news release and, accordingly,is subject to change after such date. However, EnergyFunders expresslydisclaims any intention or obligation to update or revise anyforward-looking information, whether as a result of new information,future events or otherwise, except as expressly required by applicablesecurities law.
Cautionary Statement : This news release does not constitute an offer to sell orthe solicitation of an offer to buy, nor shall there be any sale ofsecurities of the Corporation or any Fund managed by the Corporationin any jurisdiction in which an offer, solicitation or sale would beunlawful prior to registration or qualification under the securitieslaws of such jurisdiction. The securities have not been approved ordisapproved by the U.S. Securities and Exchange Commission (the“SEC”) or by any state securities commission or regulatoryauthority, nor have any of the foregoing authorities or any Canadianprovincial securities regulator or stock exchange passed on theaccuracy or adequacy of the disclosures contained herein and anyrepresentation to the contrary is a criminal offense. None of thesecurities of the Corporation or any of the Funds managed by theCorporation have been registered under the 1933 Act, or the securitieslaws of any state and any offer of such securities will be in relianceupon certain exemptions from registration under such laws. Suchsecurities may only be purchased pursuant to a binding agreement forthe purchase and sale of such securities.
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