This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Olie Inc. Announces Debt Assignment Plan In Alaska Energy

VANCOUVER, British Columbia, Nov. 26, 2013 (GLOBE NEWSWIRE) -- Olie Inc. (OTCQB:OLIE) President, Robert Gardner, is pleased to announce that it has commenced negotiations with an undisclosed non-affiliated cash note holder in Alaska Energy Corporation (Alaska Energy) (PINKSHEETS:ASKE) to purchase and assign a nominal amount of their aged debt. Olie Inc. intends to purchase part of this matured, secured debt because of the attractive conversion privileges of the original aged note. Once Olie Inc. has acquired the matured & secured non-affiliated debt in Alaska Energy, it intends to convert that debt into common shares, which it will sell or book as equity on its own balance sheet.

Robert Gardner, Olie Inc. President, states "Our legal team will complete a due diligence process regarding the authenticity & credibility of the cash note on the issuer's financial statements, however it looks extremely attractive. This nominal investment for non-affiliated, matured, secured debt, is an opportunity to place value and retained earnings on our balance sheet, prior to us filing to become a BDC Investment Act Company. Through this process it is also our intention to create a cash dividend for our stockholders, pending FINRA approval, by the second quarter of 2014."

Safe Harbor Statement:

This release may include "forward looking statements" within the meaning of Section 27 A of the Securities Act 1933 as amended, and Section 21 E and /or 27 E of the Securities Exchange Act of 1934, that are based on assumptions that in the future are inherently uncertain, may prove not to be accurate, and are subject to significant risks and uncertainties. These include, but are not limited to statements as to the future performance of the company, its ability to raise necessary financing, and other general economic risks and uncertainties.

CONTACT: Robert C. Gardner, President
         Phone: 604 669-9000
         E-mail: robertgardner@olieinc.ca

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs