Vancouver, British Columbia (FSCwire) - Letho Resources Corp. (the “Company”) is pleased to announce that it has signed a memorandum of understanding (the “MOU”) to undertake a business combination transaction with Anio Oil & Gas Sh.a. (“Anio”).  Anio is a private company registered in Albania that holds a license to the Ballsh-Hekal producing oil field in Albania (the “Anio Project”).  The transaction will be completed by way of a share exchange (the “Business Combination”), that will result in a reverse takeover of the Company by Anio.  The Company and Anio are seeking other similar production opportunities in Albania.

 

The Business Combination is subject to applicable regulatory and shareholder approvals and is anticipated to close on or about September 30, 2018.

 

To learn more about us, please visit our website at: www.lethoresources.com

 

ON BEHALF OF THE BOARD OF DIRECTORS OF LETHO RESOURCES CORP.

 

Bryson Goodwin,

President & CEO

 

For more information, please contact:

 

Bryson Goodwin (604) 341-1531

Website: www.lethoresources.com

 

Forward-Looking Statements

 

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations.  They are not guarantees of future performance. Letho cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Letho’s control. Such factors include, among other things: risks and uncertainties relating to Letho’s ability to complete a private placement financing to satisfy the terms of the letter of intent. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Letho undertakes no obligation to publicly update or revise forward-looking information.

 

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.

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Source: Letho Resources Corp. (TSX Venture:LET)

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