SCOTTSDALE, Ariz.,
April 5, 2013 /PRNewswire/ -- Mondial Ventures Inc. (OTC
Bulletin Board: MNVN) reported today that the Company has agreed to
a terms for a USD 1,000,000 private
placement with a option for a second USD
1,000,000 from a European based private equity group. The
proceeds are to be used for advancing the Company's Oil and Gas
acquisition and development strategy.
Under the terms of the private placement the Company will issue
4,000,000 common shares at 0.25 per share with a option to
participate and a second USD
1,000,000 priced at a 20% discount to market based on the
last 5 days closing price. The funds will be advanced in stages as
the Company finalizes and implements agreements and contracts that
are to be approved by the funder.
"We appreciate the support and confidence in Mondial shown by
the European based private equity group with its $1.0 million private placement and follow on
$1.0 million option," said Dennis R
Alexander, CEO of Mondial, in a statement. "The group delivers a
financing solution that provides us with the additional liquidity
we need to execute our business plan and meet the strong and
growing demand for oil and natural gas drilling and development
programs."
Key agreements and contracts will be announced when approved and
funded for implementation.
About Mondial Ventures Inc.
Mondial Ventures, Inc. is Oil and Gas Producer engaged in the
acquisition of Oil and Gas properties and assets that can be
developed into revenue producing assets. The Company has put an
emphasis on acquiring existing Oil fields with proven reserves or
by the rehabilitation of oilfields with potentially high
throughput. The Company's goal through their successful operators
utilize the latest technologies and equipment with the goal to
bring operating production costs down to 20% in an industry of that
averages 35% and up, thus yielding higher margins.
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of Mondial Ventures Inc., its directors or its
officers with respect to, among other things: (i) financing plans;
(ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words
"may," "would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond Mondial Ventures Inc.'s
ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors. More information about the potential factors
that could affect the business and financial results is and will be
included in Mondial Ventures Inc.'s filings with the Securities and
Exchange Commission.
CAUTIONARY NOTE TO UNITED
STATES INVESTORS
The United States Securities and Exchange Commission permits oil
and gas companies, in their filings with the SEC, to disclose only
proved reserves that a company has demonstrated by actual
production or conclusive formation tests to be economically and
legally producible under existing economic and operating
conditions. We use certain terms, such as prospective resource or
Original Oil in Place (OOIP) or Petroleum Initially In Place
(PIIP), that the SEC's guidelines strictly prohibit us from
including in filings with the SEC. U.S. Investors are urged to
consider closely the disclosure in our Form 10K. Additional
information may be found at the following web site:
http://www.sec.gov/divisions/corpfin/guidance/cfoilgasinterps.htm
Public Relations and Shareholder Information
Joseph Vazquez
754-204-4549 or
Email: infinityglobalconsulting@gmail.com
and
Jason Torres
415 480 9093 or
Email: jason@mondialoilventures.com
SOURCE Mondial Ventures, Inc.
