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File: WSE-NR 15-18 DRAFT News Release - Final.pdf
Suite 700, 903 8th Ave. S.W., TSX-V: WSE
Calgary, AB, Canada T:403.261-7949
T2P 0P7 F403-261-9698
www.wellstarenergy.com
NEWS RELEASE 15-18
WellStar Energy Corp. Issues Promissory Notes
Calgary, AB, November 27, 2015 - WELLSTAR ENERGY CORP. (TSX-V: WSE) (the "Company")
announces that it has issued two unsecured promissory notes (the "Notes") in respect of a loan (the
"Loan") made to the Company by Fives Enterprize Inc. (Darren Loreth, President) and CD Oil Ltd. (Darren
Moore, President), both arm's-length parties (the "Lenders"), pursuant to which the Lenders have agreed
to lend the Company $100,000 (the "Principal Sum"). The Principal Sum under the Notes will be paid in
ten equal payments of $11,000 to the Lenders on the first day of each month (the "Due Date") commencing
January 1, 2016 until October 1, 2016.
In consideration of establishing the Loan, the Company will pay the Lenders a bonus of 500,000 common
share purchase warrants (the "Warrants"), with each Warrant exercisable to purchase one common share
of the Company for a period of one year from the date of issuance, at a price of $0.10. The Loan and the
granting of Warrants to the Lender will be subject to the approval of the TSX Venture Exchange (the
"TSXV"). The Warrants, are subject to a hold period expiring four months from the date of issuance
pursuant to the policies of the TSXV.
Net proceeds from the Loan will be applied towards oil and gas operations, property acquisitions and for
general working capital purposes.
For further information please contact Andrew H. Rees at (403) 919-7100.
ON BEHALF OF THE BOARD
(signed) "Andrew H. Rees"
Andrew H. Rees
President
Except for historical information contained herein, this news release contains forward-looking statements
that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to
applicable securities laws, the Company will not update these forward-looking statements to reflect events
or circumstances after the date hereof. More detailed information about potential factors that could affect
financial results is included in the documents filed from time to time with the Canadian securities regulatory
authorities by the Company. Readers are cautioned not to place undue reliance on forward looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
File: WSE-NR 15-18 DRAFT News Release - Final.docx
Suite 700, 903 - 8th Ave. S.W.,
Calgary, AB, Canada
T2P 0P7
TSX-V: WSE
T:403.261-7949
F403-261-9698
www.wellstarenergy.com
/
NEWS RELEASE 15-18
WellStar Energy Corp. Issues Promissory Notes
Calgary, AB, November 27, 2015 - WELLSTAR ENERGY CORP. (TSX-V: WSE) (the "Company") announces that it has issued two u
--->nsecured promissory notes (the "Notes") in respect of a loan (the "Loan") made to the Company by Fives Enterprize Inc.
---> (Darren Loreth, President) and CD Oil Ltd. (Darren Moore, President), both arm's-length parties (the "Lenders"), purs
--->uant to which the Lenders have agreed to lend the Company $100,000 (the "Principal Sum"). The Principal Sum under the
--->Notes will be paid in ten equal payments of $11,000 to the Lenders on the first day of each month (the "Due Date") com
--->mencing January 1, 2016 until October 1, 2016.
In consideration of establishing the Loan, the Company will pay the Lenders a bonus of 500,000 common share purchase w
--->arrants (the "Warrants"), with each Warrant exercisable to purchase one common share of the Company for a period of on
--->e year from the date of issuance, at a price of $0.10. The Loan and the granting of Warrants to the Lender will be sub
--->ject to the approval of the TSX Venture Exchange (the "TSXV"). The Warrants, are subject to a hold period expiring fou
--->r months from the date of issuance pursuant to the policies of the TSXV.
Net proceeds from the Loan will be applied towards oil and gas operations, property acquisitions and for general worki
--->ng capital purposes.
For further information please contact Andrew H. Rees at (403) 919-7100.
ON BEHALF OF THE BOARD
(signed) "Andrew H. Rees" Andrew H. Rees President
Except for historical information contained herein, this news release contains forward-looking statements that involve
---> risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities l
--->aws, the Company will not update these forward-looking statements to reflect events or circumstances after the date he
--->reof. More detailed information about potential factors that could affect financial results is included in the documen
--->ts filed from time to time with the Canadian securities regulatory authorities by the Company. Readers are cautioned n
--->ot to place undue reliance on forward looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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