Daytona Energy Corporation Seeking Private Placement
Calgary, Alberta, Canada — Daytona Energy Corporation announced it intends to complete a private placement of up to 35,391,099 shares at a price of $0.015 per share.
The Company expects to use the proceeds from the private placement for general corporate purposes and expenses incurred to identify and perform due diligence on potential property acquisitions.
Finder’s fees may be paid in connection with certain subscriptions under the private placement offering in cash and/or securities of the Company.
Daytona is an oil and gas exploration/development company, focused on gas exploration in Alberta, Canada and the Gulf Coast region of the United States.
Except for historical information contained in this release, the matters discussed are forward looking statements that involve risks and uncertainties. When used in this release, words such as “anticipate”, “believe”, “estimate”, “expect”, “probable” and “intend” and similar expressions, as they relate to the Company or its management, identify forward looking statements. Such forward-looking statements are based on the beliefs of the Company’s management, as well as assumptions made by and information currently available to the Company’s management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development; commercialization or technological difficulties; the regulatory and trade environment. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.
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