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

Date Closed

May 29, 2017

Lead Office

Calgary

Value

4.02 Million CAD

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.

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