(TheNewswire)
Vancouver, British Columbia – TheNewswire - October 13, 2023 G2 Energy Corp.(CSE:GTOO ) ( FWB:UD9) (the "Company" or "G2") is pleased to announce that, it has retained Red CloudSecurities (" RedCloud ") to provide market making servicesto the Company in compliance with the policies and guidelines of theCanadian Securities Exchange (the “ CSE ”) and otherapplicable legislation. Red Cloud will use its best efforts tomaintain a reasonable and consistent bid and offer spread shares andmaintain a reasonable board lot size for the bid and the offer of theCompany shares on the CSE for the purposes of maintaining a reasonablemarket and improving the liquidity of the Company’s common shares.
The Company and Red Cloud have an arm's lengthrelationship, but Red Cloud and/or its clients may have an interest,directly or indirectly, in the securities of the Company. Theagreement is principally for the purposes of maintaining marketstability and liquidity for the Company's common shares and is not aformal market making agreement. There are no performance factorscontained in the agreement between Red Cloud and the Company and RedCloud will not receive any shares or options from the Company ascompensation for services it will render.
About Red Cloud Securities Red Cloud Securities Inc. isregistered as an Investment Dealer in Ontario, Quebec. Alberta andBritish Columbia and is a member of the Investment IndustryOrganization of Canada (IIROC). It is focused on providing uniquecomprehensive capital market services and innovative financingalternatives. The company was founded by capital markets professionalswho designed the firm to service small public and private companies.This solution is a comprehensive platform that provides a full rangeof unconflicted corporate access services. Offering these services asa unified platform provides the ultimate value proposition for issuerclients.
On Behalf of the Board,
“SlawekSmulewicz”
Slawek Smulewicz
CEO
For further information, please contact:
John Costigan
VP Corporate Development
O: +1 604 6208589
E: jcostigan@g2.energy
W: WWW.G2.ENERGY
About G2 EnergyCorp.
G2 is a junior oil and gas producer listed on the CSEexchange. It's primary focus is to acquire and develop additionaloverlooked, low risk, high return opportunities in the oil and gassector. G2's strategy is to obtain a portfolio of risk-managedproduction and development opportunities onshore, U.S.A. In May 2022,G2 acquired the Masten Unit in the Permian Basin, Texas. The MastenUnit is the Company's first producing asset. G2 is targeting top tierprojects with operating netbacks and infrastructure facilities whichwill fast track overall oil and gas production growth.
The Canadian Securities Exchange hasneither approved nor disapproved the information containedherein.
Forward Looking StatementsCaution
Statements in this press releaseregarding the Company which are not historical facts are“forward-looking statements” that involve risks and uncertainties.Such information can generally be identified by the use offorwarding-looking wording such as “may”, “expect”,“estimate”, “anticipate”, “intend”, “believe” and“continue” or the negative thereof or similar variations. Sinceforward-looking statements address future events and conditions, bytheir very nature, they involve inherent risks and uncertainties. TheCompany provides forward-looking statements for the purpose ofconveying information about current expectations and plans relating tothe future, including expectations regarding the Company's ability tomeet its outstanding obligations, and readers are cautioned that suchstatements may not be appropriate for other purposes. By its nature,this information is subjectto inherent risks and uncertainties that may be general or specificand which give rise to the possibility that expectations, forecasts,predictions, projections or conclusions may not prove to be accurate,that assumptions may not be correct and that objectives, strategicgoals and priorities may not be achieved. These risks anduncertainties include but are not limited to those identified andreported in the Company’s public filings under the Company’s SEDARprofile at www.sedar.com. The Company's ability to meet itsoutstanding obligations could differ materially from those currentlyanticipated due to factors such as: the performance of facilities andpipelines, commodity prices, price volatility, price differentials andthe actual prices received for the Company’s products, royaltyregimes and exchange rates, the availability of capital, labour andservices, the creditworthiness of industry partners, G2’s ability toacquire additional assets, unexpected increases in operating costs, and risks associated withpotential future lawsuits and regulatory actions made against theCompany including but not limited to being found in default of theCompany's obligations to Cloudbreak. Although the Company hasattempted to identify important factors that could cause actualactions, events or results to differ materially from those describedin forward-looking information, there may be other factors that causeactions, events or results not to be as anticipated, estimated orintended. There can be no assurance that such information will proveto be accurate as actual results and future events could differmaterially.
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