September 12, 2018 / TheNewswire / Calgary, Alberta - Cerus Energy Group Ltd. TSX-V: CEA ("Cerus" or "the Company") is pleased to announce that Camarico Land & Development Corp. (a wholly owned subsidiary of Cerus) has entered into an option agreement to extend and increase the Georgetown land area and lease to a total of 1,760 acres.
The option agreement will grant Camarico Land & Development Corp access to an additional 1,440 acres based on the original Georgetown Development terms and conditions. The company will pay no fees/zero dollars for undeveloped land within the contractual lease. The lease model has been structured to enhance the company's expansion capabilities while reducing the capital intensity of land banking and startup operations.
R. Mackenzie Loree, Cerus CEO, stated:
"We are very excited and pleased to further expand our development potential to address the company's long-term future and expansion. The process to advance and develop infrastructure is a lengthy and tedious one, which we are deftly focused on streamlining for a smooth and efficient development process. Our premiere Georgetown development will be built in a strategic and systematic manner, to expand this phase to meet our future production needs of high-grade THC distillates. It is imperative that we remain diligent and prepared to meet the future needs of wholesalers and branded product expansions."
Camarico is excited and looking forward to working with the County of Vulcan on Phase I of the Georgetown development. Entering early into this land lease extension option clearly demonstrates our commitment to the county and anticipation of the market's demand for our business development plans."
For more information on Cerus Energy and Camarico Group operations, visit us online at:
- Cerus Energy Group website at https://www.cerusenergy.com
- Camarico Group website at: https://www.camarico.ca/
- Follow Camarico Group on Twitter at https://twitter.com/camaricogroup
About Cerus Energy Group Ltd.
Cerus is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange with property assets in both Alberta and Saskatchewan.
For further information, please contact:
Bruce Scafe, Secretary
1-877-737-8864 or email@example.com
Mackenzie Loree, CEO
1-403-861-6779 or firstname.lastname@example.org
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FORWARD LOOKING INFORMATION
Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events.
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