FORMCAP Receives Termination Letter from Morgan Creek
RENO, Nev.-(Business Wire)-September 25, 2009 - FORMCAP CORP (PINKSHEETS:FRMC) announced today that it has received a letter from Morgan Creek Energy Corp terminating the Option Agreement between FormCap Corp and Morgan Creek Energy Corp. on the Frio Draw Prospect in New Mexico.
About FormCap Corp.:
FORMCAP is a reporting issuer with the shares traded on the “Pink Sheets”. FORMCAP’s mandate is to seek out developing companies for acquisition, joint venture or partnering and to provide these companies with financial and senior strategic management assistance.
About Morgan Creek Energy Corp.:
Morgan Creek Energy Corp. is a natural resource exploration company engaged in the acquisition and development of strategic oil and natural gas properties. For further information see: www.morgancreekenergy.com
Safe-Harbor Statement: Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act''), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,'' “would,'' “will,'' “expect,'' “estimate,'' “anticipate,'' “believe,'' “intend,'' and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
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