SOUTHLAKE, Texas, July 1, 2013 (GLOBE NEWSWIRE) -- Norstra Energy Inc. (OTCQB:NORX) seeks to address recent stock promotional activity in regards to the Company.
It has come to the Company's attention that recently certain parties unrelated to the Company have been promoting our company's stock. We seek to clarify that that we have not engaged in any such activity, and have no connections to, or relationships with, anyone who would be engaging in the promotion of our stock. The promotional pieces that have been brought to our attention contain targets and projections that we feel are solely for promotional purposes and not based upon a realistic and comprehensive analysis of our company. Our operations are in the development stage. As an exploration stage enterprise, our focus must remain on developing our property interests to establish a commercially viable hydrocarbon resource. This is where our attention and funds will remain focused and we have not, and do not currently intend to, expend funds on stock promotional activity.
In addition, we are aware that the United States Securities and Exchange Commission has issued a temporary suspension for the trading of our company's securities, citing the adequacy and accuracy of our information. We are of the view that our disclosure documents accurately describe our assets, operations and proposed activities, and refer to our recently filed Form 10-K Annual Report for more detailed disclosure. We look forward to the resumption of trading on July 10, 2013 so that our shareholders will not continue to be disadvantaged by the trading suspension.
We strongly urge any prospective investors to obtain advice from a qualified investment professional prior to making any investment in our Company.
Forward-Looking Statements
This news release may contain "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, exploration and development of our properties.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of minerals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
CONTACT: For further information Contact:
Norstra Energy - Investor Relations
Tyler Troup, B.Comm
Phone: 1-866-865-2780
E-mail: ir@norstraenergy.com
