Chevron starts $48 billion Kazakh oilfield expansion
The Tengiz field accounts for a large part of landlocked Kazakhstan's oil production and has been a major cash generator for Chevron for decades.
(via TheNewswire)
Vancouver, British Columbia – January 24, 2025 – TheNewswire - Veji Holdings Ltd. (CSE:VEJI.X)(OTC Pink: VEJIF) (“Veji” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement of up to 600,000 common shares (“Shares”) to be issued at a price of $0.50 per Share for gross proceeds up to $300,000 (the “Private Placement”).
Proceeds received from the Private Placement will be used for working capital and general corporate purposes.
Closing of the Private Placement remains subject to Veji obtaining all necessary corporate and regulatory approvals, including approval of the Canadian Securities Exchange (the “CSE”). No finder’s fees will be paid in connection with the Private Placement. All securities issued will be subject to a statutory hold period of four months and one day from issuance. In addition to the statutory hold period, the Shares issued will be subject to an additional hold period of six months commencing from the date of issuance.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About the Company
The Company is a reporting issuer in Canada and is listed on the Canadian Securities Exchange under the symbol “VEJI” and on the OTC under the symbol “VEJIF”.
For more information, please visit www.VejiHoldings.com.
On Behalf of the Board of Directors
“Guy Bourgeois”
Guy Bourgeois
Director & Chief Executive Officer
Telephone: 604-687-2038
Email: [email protected]
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements pertaining to the use of funds from the Private Placement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and includes those risks set out in the Corporation’s management’s discussion and analysis as filed under the Corporation’s profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
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