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BW

0.00
0.00 (0.00%)
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 Enters Into Promissory Note

07/02/2013 11:00pm

Marketwired Canada


Brookwater Ventures Inc. (TSX VENTURE:BW) reports that it has entered into an
unsecured promissory note (the "Note") with a third party lender (the "Holder"),
pursuant to which the Holder has agreed to lend to Brookwater CDN$100,000.
Brookwater intends to use the proceeds of the Note for general working capital
purposes. 


The principal under the Note will incur interest at a rate of 13% per year and
the Note shall mature on February 7, 2014 (the "Maturity Date"). At any time up
until the Maturity Date the company shall have the right to re-pay the full
outstanding principal under the Note at any time without penalty.


About Brookwater: 

Brookwater Ventures Inc. is a Canadian independent oil exploration company
focused on growing its asset base primarily in Brazil. 


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 Note or use of proceeds from the Note; 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brookwater Ventures Inc.
Ahmed Said
President & CEO
403-263 3000
asaid@forbesenergygroup.com

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