Received by email:
File: ANN.NR.J.V.JUL.23.2014.docx
For Immediate Release
AAN ENTERS INTO OIL DRILING JOINT VENTURE
Surrey, British Columbia, July 23 , 2014 /AAN Ventures Inc. ("AAN" or the "Company") (CSE:ANN) announces that its who
--->lly subsidiary, Ona Power Oil & Gas Corp. ("Ona") has entered into a joint venture agreement to drill up to ten (10) o
--->il and/gas wells in the State of Tennessee upon various leases that have been located and have existing wells on them.
---> The leases have been secured by Keblo Energy, LLC, the joint venture partner.
As term of the joint venture agreement is that Ona will fund 100% of the drilling and completion costs and will earn 7
--->5% Net Revenue Interest until it has recovered and been paid out all such costs. Once Ona has been paid out as afores
--->aid it will receive 47% Net Revenue Interest.
For more information on this project please see the joint venture agreement filed on SEDAR and www.thecse.com under th
--->e Company's profile.
On behalf of
AAN Ventures Inc.
"LuckyJanda"
CEO & President
Tel.: (604) 592-6881
This press release, required by applicable Canadian laws, is not for distribution to U.S. news services or for dissemi
--->nation in the United States, and does not constitute an offer of the securities described herein. These securities hav
--->e not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and ma
--->y not be offered or sold in the United States or to U.S. persons unless registered or unless an exemption from such re
--->gistration is applicable.
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements
---> that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to n
--->umerous risks and uncertainties, certain of which are beyond the control of Aan ventures inc., including, but not limi
--->ted to the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctu
--->ations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are c
--->autioned that the assumptions used in the preparation of such information, although considered reasonable at the time
--->of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking stateme
--->nts. The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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