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Park Place Energy Corp.
Announces Saskatchewan Property Acquisition
Vancouver, British Columbia -
Park Place Energy Corp. (???Park Place" or ???the Company") is pleased to
announce the Company has acquired a 50% working interest in 80 acres of
land located in western Saskatchewan.
Under the agreement, with a
private company, the property was acquired in consideration for an
aggregate of 150,000,000 shares at a deemed price of US$0.001 per share
for an aggregate deemed consideration of approximately USD$150,000.
As announced February 3, 2010
Park Place Energy has also tendered a bid on a significant oil and gas
Exploration and Development property within the European Union.
David Johnson, Park Place
President and CEO said ???The Company is aggressively positioning itself
as a junior oil and gas explorer by seeking and acquiring blue-sky
potential assets. By completing this acquisition we have created an
exciting opportunity within a proven Canadian oil field.''
About Park Place
Park Place Energy Corp. is a
North American oil and gas exploration company that is participating in
high impact shale gas opportunities. The Company has assets in North
Western Alberta and Saskatchewan that it is committed to developing. As
well Park Place is committed to the acquisition of additional blue-sky
shale gas opportunities. Park Place's management is focused on
optimizing profitability and enhancing shareholder value.
For Further Information
Contact:
Investor Relations: 1
(877) 685 0076
Email: info@...
Website: www.parkplaceenergy.com
www.parkplaceenergy.com
Certain
information regarding the Corporation contained herein may constitute
forward-looking statements. These statements may include estimates,
plans,
expectations, opinions, forecasts, projections, guidance or other
statements
that are not statements of fact. Although Park Place believes that the
expectations
reflected in such forward-looking statements are reasonable, it can
give no
assurance that such expectations will prove to have been correct.
These statements are subject to certain risks
and uncertainties and may be based on assumptions that could cause
actual
results to differ materially from those anticipated or implied.
The
Corporation is under no obligation to
update or alter any forward-looking statement.
These risks include operational and geological risks, the ability of
the
Corporation to raise necessary funds for exploration and the fact that
the
Corporation does not operate all its properties. Park Place's
forward-looking statements are expressly
qualified in their entirety by this cautionary statement.
Investor
Network and MarketSmart Communications Inc,. Disclaimer: Although
results are possible, they are not gaurenteed. Please be aware that
MarketSmart Communications Inc. is a news service and NOT an investment
advisory service; it is advised that you consult with a licensed
financial advisor before making any investment decisions. This
publication does not provide an analysis of a company's financial
position and the information herein should NOT be construed as an offer
to buy or sell securities. The information herein is taken from sources
thought to be accurate, but there is no guarantee. All due diligence
should be done by the reader or their financial advisor. Investing in
securities is speculative and carries risk. Past performance does not
guarantee future results
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