Perisson Announces $1,000,000 Equity Private Placement

April 5, 2018

April 5, 2018 - 5:55 PM EDT

Perisson Announces $1,000,000 Equity Private Placement

Calgary, Alberta (FSCwire) - Perisson Petroleum Corporation (“Perisson” or the “Company”) (TSXV:POG) is pleased to announce an equity private placement of 20,000,000 common shares of the Company, at a price of $0.05 per common share, for total proceeds of $1,000,000 (the “Offering”). The Offering funds will be used for general corporate purposes. This financing, combined with the previous closing of a $3,000,000 debenture brings the total to $4,000,000 of funds closed this year.

The proceeds of the Offering will be used for the Company’s 2018 well abandonment program and for general working capital purposes. The shares issued in connection with the Offering will be subject to a four month hold period. The Offering is subject to the approval of the TSX Venture Exchange

The Company continues to proceed with its previously announced $20,000,000 convertible debenture financing which it anticipates will close during May 2018.

About Perisson Petroleum Corporation

Perisson Petroleum Corporation is listed on the TSX Venture Exchange and trades under the symbol "POG". The Corporation has ownership in certain oil and gas producing properties in the Twining area of Alberta, Canada. The Company also holds a 100% working interest in the VMM-17 block, a license located in the prolific, stable, oil-producing region of the Middle Magdalena Basin in central Colombia.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Wayne Rousch, President

Direct Line: (403) 827-8597

wrousch@perisson.com

Completion of the transaction is subject to a number of conditions, including but not limited to, TSXV acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements relating to the timing and completion of the future operations of Perisson and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the proposed Acquisition and the future plans and objectives of Perisson, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Perisson's expectations are risks detailed from time to time in the filings made by Vela with securities regulations.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be 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 applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Trading in the securities of Perisson Petroleum Corporation should be considered highly speculative. 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.

To view the original release, please click here

Source: Perisson Petroleum Corporation (TSX Venture:POG)

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