THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED
BY SDX TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE
MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN.
LONDON, Oct. 18, 2018 /CNW/ - SDX Energy Inc. (TSXV, AIM:
SDX), the North Africa focused oil
and gas company, announces that, further to the announcement made
on 20 September 2018, discussions
regarding its proposed acquisition of a significant package of
assets in Egypt from BP have been
terminated by mutual agreement.
As the Acquisition is no longer proceeding, the suspension of
the Company's shares from trading on AIM will be lifted from
7.30am on 18
October 2018. The Company has also requested for the
restoration of trading on the TSX Venture Exchange.
SDX continues, in line with its stated strategy, to review and
pursue inorganic growth opportunities across its areas of
operations in North Africa.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as such term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Information
This document contains certain statements that may constitute
"forward-looking statements" as such term is used in applicable
Canadian securities laws. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or are
not statements of historical fact should be viewed as
forward-looking statements. In particular, statements concerning
the Company's strategy should be viewed as forward-looking
statements. The forward-looking statements contained in this
document are based on certain assumptions and although management
of SDX consider these assumptions to be reasonable based on
information currently available to them, undue reliance should not
be placed on the forward-looking statements because SDX can give no
assurances that they may prove to be correct. Numerous risks
and uncertainties could also cause the actual events and results to
differ materially from the estimates, beliefs and assumptions
expressed or implied in the forward-looking statements. SDX
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
SOURCE SDX Energy Inc.