Yaletown Energy Capital Corp. Closes an $830,000 Private Placement and Announces Strategic Relationship With Niven Fischer Energy Services

VANCOUVER, BC–(Marketwired – March 22, 2016) – Yaletown Energy Capital Corp. (the “Company”) is pleased to announce that it has closed a Private Placement comprised of 3,320,000 Common Shares of the Company at $0.25 per Common Share for gross proceeds of $830,000. The proceeds of the Private Placement will be used for general working capital purposes and for the planned re-habilitation of several flooded oil wells. Finder’s fees comprising 50,000 share purchase warrants, each exercisable over 3 years into a common share of the Company at an exercise price of $0.35, were paid in connection with the sale of the Common Shares.

Source: http://www.marketwired.com/mw/release.do?id=2108352&sourceType=3