Point Loma Resources announces Investment Agreement with Evenergy Company Limited for proceeds of C$4.02M

On May 24, 2017, Point Loma Resources Ltd. announced an investment agreement with Evenergy Company Limited ("Evenergy") for Evenergy to acquire 8,375,000 common shares of Point Loma for C$4,020,000 representing a purchase price of C$0.48 per share.

Point Loma is a public oil and gas development and exploration company focused on horizontally exploiting conventional oil and gas reservoirs in west central Alberta.

McCarthy Tétrault LLP advised Point Loma with a team led by Gordon Cameron that included Jeremy Busch-Howell.