Vancouver, BC / TheNewswire / January 16, 2017 - NEWCASTLE ENERGY CORP. (the “Company”) TSXV NGY.H.  On Friday January 13, 2017, the TSX Venture Exchange issued a Bulletin giving final approval to the January 26, 2017 $0.50 per share return of capital distribution announced by the Company on January 12, 2017.  

 

Accordingly, the common shares will commence trading on a due bills basis on the Exchange effective from the opening on January 17, 2017 up to and including the Payment date of January 26, 2017.  Sellers of the common shares on the Exchange from January 17, 2017 up to and including January 26, 2017 will not be entitled to the distribution and any distribution payments received in accounts will be withdrawn.  Holders including buyers on January 26, 2017 will be entitled to receive the distribution. The common shares will commence trading on the Exchange on an ex-distribution basis effective from the open on January 27, 2017.  The last trading day to purchase the common shares on the Exchange, and be entitled to the distribution will be January 26, 2017.

  

ON BEHALF OF THE BOARD

  

Mr. Greg Amor,

CEO, Director

Newcastle Energy Corp.

 

For further information please contact Newcastle Energy Corp. at:

T: (604) 331-1757

F: (604) 669-5193

E-Mail:  robin@newcastlenergy.com

 

Forward Looking Statements: This news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Forward-looking statements in this release include statements regarding the timing and completion of the Distribution and the tax consequences to each shareholder resulting from the Distribution. Factors that could cause such differences include: the Distribution may not be approved by the shareholders or the securities regulators; or that the Board may, in its discretion, decide not to proceed with the Distribution for any reason whatsoever. In addition to other factors and assumptions which may be identified in this press release, assumptions have been made regarding and are implicit in, among other things, the timely receipt of any required regulatory approvals. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements