Toronto, Ontario – (Newsfile Corp. – June 24, 2021) – Advantagewon Oil Corp. (CSE: AOC) (OTC Pink: ANTGF) (“Advantage“) is pleased to announce that today, in connection with its acquisition of a minority stake in Starvolt Power Inc. (“Starvolt“), Advantagewon advanced $ 975,000, pursuant to the terms of a promissory note (the”Promissory noteThe promissory note bears interest at the rate of five percent (5%) per annum and principal and interest are due and payable when due on June 22, 2023.
The amounts of principal and interest overdue by Starvolt under the Promissory Note will bear interest at a rate of five percent (5%) per annum, payable on demand from the date of such non-payment until full payment of this amount.
About Advantagewon Oil Corp.
Advantagewon aims to become a diversified energy producer. Advantagewon currently owns silos for oil, gas and solar power. Advantagewon’s common shares are listed on the over-the-counter markets in the United States and on the Canadian Stock Exchange (the “CSE“) in Canada. Advantagewon is a member of the CSE Composite Index (CSE: AOC). For more information, please visit www.aoc-oil.com.
For more information please contact:
Mr. Paul Haber
Advantagewon Oil Corp.
T: (416) 318-6501
Mr. Frank Kordy
Secretary & Director
Advantagewon Oil Corp
Phone. : (647) 466-4037
The CSE has not reviewed and accepts no responsibility for the relevance of this press release. Neither CSE nor its regulatory services provider (as that term is defined in CSE policies) accepts responsibility for the adequacy or accuracy of this release..
This press release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding Advantagewon’s plans, intentions, beliefs and current expectations with respect to the business. future business. Forward-looking information is often identified by the words âcouldâ, âwouldâ, âcouldâ, âshouldâ, âshouldâ, âintentionâ, âplanâ, âanticipateâ, âbelieveâ, âestimateâ. “,” Expect “or similar expressions and their negatives. The forward-looking information contained in this press release includes information regarding: (i) statements regarding the future direction of Advantagewon; (ii) Starvolt has sufficient funds to comply with the terms of the promissory note; (iii) Starvolt’s ability to pay applicable interest of five (5%) per annum; (iv) the maturity date of the loan; and (v) expectations regarding other economic, business and / or competitive factors. Investors are cautioned that forward-looking information is not based on historical facts but rather reflects the expectations, estimates or projections of the management of Advantagewon regarding the activity of its future results or events based on opinions, assumptions and estimates. management believed to be reasonable as of the date the statements are made.
Although Advantagewon believes that the expectations reflected in this forward-looking information are reasonable, such information involves risks and uncertainties, and such information should not be relied upon because unknown or unforeseeable factors could have material adverse effects on the Company. future results and performance. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include the following: (i) Starvolt’s financial inability to pay the full amount of the promissory note, including applicable interest on the maturity date and / or on request; (ii) the inability of Advantagewon to recover the full amount of the promissory note; (iii) changes in economic, commercial and general political conditions, including changes in financial markets; (iv) adverse changes in applicable laws or adverse changes in the application or enforcement of applicable laws; (v) compliance with extensive government regulations and associated costs; and (vi) other risks described in Advantagewon’s public information documents filed on www.sedar.com. If one or more of these risks or uncertainties materialize, or if the assumptions underlying the forward-looking information turn out to be incorrect, actual results may differ materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Advantagewon has attempted to identify the risks, uncertainties and important factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or expected. . Advanatagewon does not intend and assumes no obligation to update this forward-looking information, except as required by applicable law..
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88605