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BW

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Share Name Share Symbol Market Type
TSXV:BW TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Brookwater Closes Private Placement Financing

26/06/2014 11:00pm

Marketwired Canada


NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

Brookwater Ventures Inc. (TSX VENTURE:BW) has completed its previously announced
non-brokered private placement financing by issuing 1,300,000 common shares of
the company (the "Common Shares") at a price of $0.075 per Common Share, for
aggregate gross proceeds of $97,500 (the "Offering").


The gross proceeds of the Offering will be used to strengthen the corporate
balance sheet, pay outstanding liabilities and for general corporate purposes.
The Common Shares will be subject to a four month hold period that expires on
October 27, 2014. Closing of the Offering is subject to receipt of regulatory
approval, including final TSX Venture approval. No finder fees were paid in
connection with the Offering.


This press release is not an offering of securities for sale in the United
States. The Common Shares have not been registered under the U.S. Securities Act
of 1933, as amended, and may not be offered or sold in the United States absent
registration or an exemption from the registration requirements of that Act.


About Brookwater:

Brookwater Ventures Inc. is a Canadian oil and gas exploration company.

Forward-looking information

This news release contains forward-looking information relating to the Company's
growth and corporate strategy, and other statements that are not historical
facts. Forward-looking information relates to management's future outlook and
anticipated events or results, and may include statements or information
regarding the private placement offering; use of funds; and the future plans or
prospects of the Company. Although management of the Company has attempted to
identify important factors that could cause actual results to differ materially
from those contained in forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. 


Forward looking-information is subject to certain factors, including risks and
uncertainties that could cause actual results to differ materially from what is
currently expected. These factors include risks and uncertainties associated
with oil and gas exploration, development, exploitation, delays resulting from
or inability to obtain required regulatory approvals and ability to access
sufficient capital from internal and external sources, reliance on key
personnel, regulatory risks and delays and other risks and uncertainties
discussed in the management discussion and analysis section of the Company's
interim and most recent annual financial statement or other reports and filings
with the TSX Venture Exchange and applicable Canadian securities regulations.
There can be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking information.


The forward-looking statements contained in this news release are made as of the
date of this news release. Except as required by law, the Company disclaims any
intention and assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
Additionally, the Company undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the matters
discussed above.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ahmed Said
President & CEO
Brookwater Ventures Inc.
Phone: 416-309-2963
asaid@forbesenergygroup.com

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