Calgary, Alberta, August 12, 2021 (Globo Newsweire) – Razer Energy Corporation (TSZV: RZE) is pleased to announce that it has closed some of its non-performing jobs. Interest buyers in Swan Hills, Alberta’s capital (“assets”) for the total purchase price of $ 5 million in cash, with certain closing adjustments (“acquisition”), the buyer previously stated in a press release on August 4, 2021.
The purchase was funded by Arena Investors, LP (“Arena”), a modified loan agreement. Arena is a management asset manager with $ 2.2 billion in assets under management.
Purchase a long-lasting razor blade, an industry-leading 10 percent annual downturn, low risk, and light oil reserves (41o API), when oil supply / demand returns to balance with commodity prices and cash flow.
Meanwhile, Futerra Power Corporation (“Futera”), a subsidiary of the razor, continues to build on our first Swan Hills geothermal project. Futera is currently reviewing additional projects, including solar, wind and well geothermal. In addition, Futera recently mined 10 petahash bitcoin mines. Also, Razer has completed the construction of the Virginia Hills Soil Institute, now in its third quarter of 2021.
Razor and Future continue to identify and seize opportunities to liberate alternative energy sources while measuring the environmental and social impacts of our business.
More information about this can be found in our updated presentation of the Corporation at www.razor-energy.com at Razer’s Common Oil and Gas Works and Future Geothermal and Subsequent Innovative Projects.
FutEra accepts stock option plan
The company’s board of directors announces today that it has approved the Futera Fixed Stock Exchange Plan.
Under the FutEra Alternative Plan, FutEra may offer options for a total of up to 284,000 shared FutEra (each “FutEra Share”) under FutEra Alternative Planning Terms and applicable safety regulations. The options are expected to be provided by the Futera Board of Directors for a number of retention purposes and for Future staff to continue their efforts to assist Futera to become a leader in Altarta. Clean energy generation by upgrading existing assets with new and innovative solutions. Once granted, the options are determined by the FutEra Board, including a five-year waiting period from the date of issuance.
FutEra Option Plan remains subject to approval by TSX Venture Exchange.
About the razor
Razer is headquartered in Calgary, Alberta. The company is led by an experienced leadership and a strong, committed board of directors with a vision for growth in all areas of competency and cost control. The razor is currently trading on the TSX Venture Exchange under the “RZE.V” symbol.
FutEra leverages Alberta’s wealth industry innovation and experience to create transit power and sustainable infrastructure solutions for commercial markets and communities in Canada and internationally. Futera is currently developing a joint geothermal and natural gas hybrid project in Swan Hills, Alberta.
FOr more inFormAPlease, please ContAction
|Doug Bailey||Kevin Brown|
|President and CEO||Chief Accountant|
Razer Energy Corporation
800, 500-5Th Ave SW
Calgary, Alberta T2P 3L5
Phone: (403) 262-0242
Future Statements: This press release may contain a number of possible statements. Such statements relate to future events, including the company’s capital program and other activities such as geothermal and other environmental and social innovation projects. All statements, with the exception of historical facts, may be forward-looking statements. Future expressions are often, but not always, characterized by the use of words such as “guess”, “believe”, “expect”, “plan”, “guess”, “potential”, “will”, “to be”. . , “Continue”, “May”, “Reality” and similar expressions. Future statements are based on a number of key expectations and estimates of the company, including capital, current law, required regulatory approvals, expectations and assumptions, but obligations, including the current performance of third parties in the contract, future drilling and development work, existing wells, and new ones. Wells performance, the company’s growth strategy, general economic conditions, availability of necessary equipment and services, prices of goods sold, price fluctuations, price fluctuations and actual prices for the company’s products. Although the company believes that the expectations and assumptions on which future statements are based are reasonable, the company does not guarantee the accuracy of the statements and should not rely on future statements. Future descriptions predict future events and situations, including natural disasters and uncertainties. Due to a number of factors and risks, the actual results may vary from material to material. These include hazards related to the oil and gas industry and geothermal projects in general (e.g., operational hazards in development, exploration and production, delays or changes in plans for exploration or development projects or capital expenditures). Fluctuations in geothermal resources, such as uncertainty over reserve estimates, distrust of estimates and estimates related to production, costs and costs, and health, safety and environmental hazards, fluctuations in electricity and commodity prices and exchange rates, legal changes with inspections or development projects or capital expenditures Oil and gas and geothermal industries and instability due to possible delays or changes. In addition, Covid-19 warns that global economic activity and the impact of certain products, including crude oil, natural gas and NGL, will continue and could lead to fluctuations and disruptions in global supply. Chains, jobs, mobility and financial markets that could affect commodity prices, interest rates, credit levels, credit risk, inflation, trade, financial conditions, performance, and other factors related to the company. The current fluctuations in commodity prices are uncertain. Please refer to SEDAR’s annual information form on www.sedar.com and the identified risk factors in the management discussion and analysis. The future statements contained in this press release are effective from this date, and the Company is not obligated to publicly update or revise any future statements or information, except for new information, upcoming events or otherwise. It is therefore required by applicable safety regulations.
Recommended Product Information – Unless otherwise indicated, all product information provided herein is for the benefit of the Company prior to the deduction of royalty payments and excludes any royalty benefits.
Oil equals barrels; The term “canal” or “equivalent” barrels can be misleading, especially if used alone. Six thousand cubic feet of natural gas into a barrel of oil equivalent (6 Mcf: 1 bbl) canal conversion ratio is based primarily on the combustion process applied to the combustion chamber and does not represent the equilibrium value of the well. In addition, depending on the current price of crude oil, the energy efficiency is significantly different from 6: 1 compared to natural gas. Using a 6: 1 conversion ratio can be misleading as a value indicator.
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