Quantum Energy, Inc. (QEGY) Announces Extension of the Land Contract to Purchase the Land in Stoughton, Saskatchewan
April 10, 2019 – GLOBENEWSWIRE
CHICAGO, April 10, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Announced today that the December 5, 2016 Farm Contract of Purchase and Sale between Quantum and the landowner of the property in Stoughton, Saskatchewan, Canada, which has been extended from time to time, has been further by the parties extended until June 30, 2019, for removal of all terms and conditions to the purchase of the Land.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of Quantum Inc.’s securities, nor shall there be any sale of the shares of common stock in any state in which offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Quantum is an energy focused company. Quantum’s business strategy is to develop a “state-of-the art”, energy efficient, 40,000 BPD full slate refinery in Stoughton, Saskatchewan, Canada to refine the light shale crude oil from the Bakken formation of the Viewfield oil field area of Saskatchewan, Canada.
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, further milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company’s development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
For Company Contact:
Andrew J. Kacic