November 7, 2018 - 9:00 AM EST
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Oronova Energy Inc. Announces Engagement of Financial Advisory Consultant

Canada NewsWire


VANCOUVER, Nov. 7, 2018 /CNW/ - Oronova Energy Inc. ("Oronova" or the "Company") (TSX.V: ONV) is pleased to announce that it has retained Canopus Capital AG ("Canopus" or the "Consultant") to provide financial advisory services.  In connection with the foregoing appointment, the Company announces the grant of 600,000 incentive stock options under the Company's stock option plan to Canopus at an exercise price of $0.105 per share for a period of two years.

Canopus, is a Liechtenstein-based asset management company and advisory group, specialized in financing oil & gas operations both domestically and internationally. Its shareholder and CEO, Gilles Koch has a track record in the sector of over 20 years.

On behalf of the Board of Oronova Energy Inc.

"David Farrell"
Chief Executive Officer

Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein.

Forward Looking Statements
This news release contains forward looking statements relating to the future ooperations of the Corporation and other statements that are not historical facts. Forward Looking Statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward looking statements that involve risk and uncertainties, There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are exploration risks detailed from time to time in the filings made by the Corporation within the securities regulations.

The reader is cautioned that assumptions used in the preparation of any forward looking statements/information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known or and unknown risks, uncertainties and other factors many of which are beyond the control of the Corporation. As a result we cannot guarantee that any forward looking statement will materialize and the reader is cautioned not to place any undue reliance on any forward looking statements/information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward looking statements contained in this News release are made as of the date of the release and the Corporation does not undertaken any obligation to update publicly or to revise any of the included forward looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

SOURCE Oronova Energy Inc.

View original content:

Joanna Vastardis, CFO & Corporate Secretary, Tel: (604) 609-6125Copyright CNW Group 2018

Source: Canada Newswire (November 7, 2018 - 9:00 AM EST)

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