VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 16, 2013) - Archer Petroleum Corp (News - Market indicators) (DBFrankfurt:A6VA) (the "Company") announces that a director (Officer) of the Company has arranged the sale of 160,000 shares of their personal holdings at a price of $0.47 per share through the facilities of the TSX Venture Exchange. The proceeds from this sale will be used to fund the subscription for 150,400 shares at a price of $0.50 per share in the private placement previously announced June 10th, 2013.
Neither 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.
About Archer Petroleum:
Archer Petroleum Corp. is an independent energy company focused on exploration and development in North America. The Company's shares are listed on the TSX Venture Exchange under the symbol "ARK" and the DB Frankfurt exchange under "A6VA". Further information on Archer can be found on the company's website at www.ArcherPetroleum.com.
ON BEHALF OF ARCHER PETROLEUM CORP.
Colin Bowkett, Director
Disclaimers
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding the acquisition of the Sunnyside Tar Sands bituminous/asphaltic sands lease, the size of this deposit relative to others in the United States, and the expected timing for execution of formal lease documents. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the parties may not enter into a definitive agreement, that the TSX Venture Exchange may not approve the transaction and that the conditions to closing of the transaction may not be satisfied.
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 news release.
