TSX-V TRADING SYMBOL: CEC
VANCOUVER,
May 30, 2014 /PRNewswire/ -
Compliance Energy Corporation (the "Company" or
"Compliance") is pleased to announce that it has completed the
non-brokered private placement (the "Private Placement") of common
shares announced on May 5, 2014. The
Company has issued 15.2 million common shares (the "Shares") at a
purchase price of $0.025 per share
for gross proceeds of $380,000.
The Company has paid a $38,000 cash
finder's fee in connection with the Private Placement.
The Shares issued under the Private Placement
are subject to a four month hold period which expires October 1, 2014. The proceeds of the
financing will be used in connection with the Company's Raven
project and for general working capital purposes, and will not be
used primarily to pay management fees.
On behalf of the Board of
COMPLIANCE ENERGY CORPORATION
Grant Tanaka, CA
Chief Financial Officer
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
Note: This release contains forward-looking statements that
involve risks and uncertainties. These statements may differ
materially from actual future events or results. Readers are
referred to the documents, filed by the Company on SEDAR at
www.sedar.com, specifically the most recent reports which identify
important risk factors that could cause actual results to differ
from those contained in the forward-looking statements. The Company
undertakes no obligation to review or confirm analysts'
expectations or estimates or to release publicly any revisions to
any forward-looking statements.
SOURCE Compliance Energy Corporation