HOUSTON, TX - March 18, 2014 -- Smart Ventures (OTC Pink: SMVR) (PINKSHEETS: SMVR) announces that it plans to offer a private placement of up to $10,000,000 at a price between .03-.05 per share. We have been in discussions with institutional investors regarding the capital raise to gauge levels of interest. The private placement is part of the company's growth strategy as the capital is necessary for targeted acquisitions. There appears to be significant investor interest to warrant a formal offering via 144 or Reg. A.
This announcement appears as a matter of record only and is not a solicitation or offer to sell the securities represented herein. The securities are offered only to accredited investors via written offering circular. These securities are void where prohibited in any jurisdiction. "We are excited about the prospects of building a strong independent energy company in a diverse way," says Roger Smith, CEO.
Smart Ventures is an independent energy company engaged in engineering extended reach drilling services, acquisition, development, production, and exploration of oil, gas and minerals internationally. To learn more about the Company, visit: www.sandaydrilling.com
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends," "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business." Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Media Relations: Roger Smith
Contact: (832) 717-4412
SOURCE: Smart Ventures, Inc.