DGAP-News: FEC Resources Inc. / Key word(s): Miscellaneous FEC Reports On Forum Energy PLC AGM 18.06.2015 / 07:15
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Calgary, Alberta--(Newsfile Corp. - June 18, 2015) - FEC RESOURCES INC. (OTCPINK: FECOF) ('FEC') Trading Update 1. Delisting of Forum Energy plc (FEP) from the London Stock Exchange At the annual general meeting of FEP on June 17, 2015, the shareholders passed resolutions which will lead to the delisting of FEP from the London Stock Exchange and the conversion of FEP from a public company to a private company. FEC holds approximately 24% of FEP's issued share capital. 2. Going Concern Assumption As was highlighted in the latest audited financial statements, the Company has limited cash resources and will require additional capital to allow it to continue to trade or invest in new projects. Your board is currently reviewing the options available and will update shareholders as is appropriate on a timely basis. On behalf of the Board of, FEC Resources, Inc. Carlo Pablo Chairman E-mail: info@FECResources.com Tel: 1-403-290-1676 This press release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any natural resources that may be located, variations in the market price of any natural resource products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce natural resources from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's Annual Report on Form 20-F for the year ended December 31, 2011 and its most recent quarterly reports filed with the United States Securities Exchange Commission (the 'SEC'), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials. For more information please contact (403) 290-1676 e-mail info@FECResources.com or visit the FEC Resources website at www.FECResources.com Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/15932 News Source: Newsfile
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18.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: FEC Resources Inc. Canada ISIN: CA30246X1087 End of News DGAP News-Service
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369485 18.06.2015
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Calgary, Alberta--(Newsfile Corp. - June 18, 2015) - FEC RESOURCES INC. (OTCPINK: FECOF) ('FEC') Trading Update 1. Delisting of Forum Energy plc (FEP) from the London Stock Exchange At the annual general meeting of FEP on June 17, 2015, the shareholders passed resolutions which will lead to the delisting of FEP from the London Stock Exchange and the conversion of FEP from a public company to a private company. FEC holds approximately 24% of FEP's issued share capital. 2. Going Concern Assumption As was highlighted in the latest audited financial statements, the Company has limited cash resources and will require additional capital to allow it to continue to trade or invest in new projects. Your board is currently reviewing the options available and will update shareholders as is appropriate on a timely basis. On behalf of the Board of, FEC Resources, Inc. Carlo Pablo Chairman E-mail: info@FECResources.com Tel: 1-403-290-1676 This press release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any natural resources that may be located, variations in the market price of any natural resource products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce natural resources from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's Annual Report on Form 20-F for the year ended December 31, 2011 and its most recent quarterly reports filed with the United States Securities Exchange Commission (the 'SEC'), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials. For more information please contact (403) 290-1676 e-mail info@FECResources.com or visit the FEC Resources website at www.FECResources.com Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/15932 News Source: Newsfile
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18.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: FEC Resources Inc. Canada ISIN: CA30246X1087 End of News DGAP News-Service
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369485 18.06.2015
