Paris Energy Inc. Announces Non-Binding Letter of Intention With Respect to Potential Corporate Transaction

Paris Energy Inc. Announces Non-Binding Letter of Intention With Respect to Potential Corporate Transaction
  
 

CALGARY, ALBERTA--(Marketwired - Jun 23, 2014) - Paris Energy Inc. (TSX-VENTURE:PI) (the "Company") announces that it has entered into a non-binding letter of intent with respect to a possible corporate transaction. There are no assurances that a definitive agreement with respect to the transaction will be entered into or that if entered into, that the transaction will be completed.

The Company will issue a further press release outlining more information with respect to the possible transaction once a definitive agreement is entered into, which is expected to be in early July, 2014. It is anticipated that trading of the shares of the Company will remain halted until the transaction is completed or it is determined not to enter into or complete the transaction.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Paris Energy Inc.Robert W. LamondPresident & CEO(403) 269-9889(403) 269-9890Paris Energy Inc.Charles A. TeareChief Financial Officer(403) 269-9889(403) 269-9890