NEWS RELEASE | Monday, April 30th, 2018
Cerus Energy Group (TSX-V:CEA) (“Cerus” or the “Company”) is pleased to report that its subsidiary Camarico Group has entered into an agreement to acquire the remaining 20% of Aggro Manufacturing Ltd., to consolidate its position to 100% ownership.
The agreement will swap 100,000 shares of Aggro Manufacturing for 100,000 Class A Common Shares of Cerus Energy. The present transaction price at current market is CAD $7,000.00.
Camarico CEO R. Mackenzie Loree stated:
"We are pleased to reach this agreement for the consolidation of interests in Aggro Manufacturing for the Company. Aggro will play a pivotal role in the completion of our Prince George facility and in our new flagship facility scheduled for development in the County of Vulcan, Alberta. With the full ownership of Aggro, Camarico has garnered the right tools, alignment and integration to be more aggressive in fabrication and prototyping operations.”
Aggro Manufacturing Ltd. is engaged in the custom engineering & manufacturing of marijuana cultivation, processing and handling systems. Current Aggro product portfolio includes but is not limited to the “El Rollo” high-efficiency growing machine prototype set to debut its phase 1 testing period as early as second quarter of 2018.
For more information on Cerus and the Camarico Group operations please visit the website at: www.camarico.ca.
About Cerus Energy Group
Cerus Energy Group 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.
About Cerus Energy Group's Subsidiary Companies
Texalta Industries Ltd. and Lomac Canada Ltd. are wholly owned subsidiary company's serving various sectors of the oil and gas industry in the Province of Alberta. Maverick Northstar is a private joint venture company between Petrostar Petroleum Corp. of Alberta, Canada and Maverick Synfuels Inc of North Carolina, USA. Maverick Northstar is a chemical processing company focused on improving the value of methane through the production and utilization of methanol in Western Canada located in the province of Alberta. Petrostar holds 60% ownership of Maverick Northstar shares. For further information, please contact:
Mackenzie Loree, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION ON AT ANY PARTICULAR TIME.