Hudson Oil Corporation Ltd.
Hudson Appoints Financial Advisor
Hudson Oil Corporation Ltd. / Key word(s): Miscellaneous 16.05.2012 / 11:45 --------------------------------------------------------------------- Hudson Appoints Financial Advisor Herax Partners to Help Raise Financing May 16 (Toronto) - Hudson Oil Corporation Ltd. (H8D: FSE) has appointed Herax Partners to assist in its efforts to finance the restart of the Glimar refinery complex in southern Poland. 'Herax has the expertise and the contacts to enable Hudson to access European capital markets,' said Wojciech Janowski, Executive Chairman, 'with their assistance, we're confident Hudson can achieve its goal of restarting the Glimar refinery.' Herax Partners has been given a three-part mandate: 1. Help Hudson obtain financing for the restart of the zeoforming complex, which will produce high-octane gasoline using an innovative zeolite catalyst process. 2. Work with German specialists to upgrade Hudson's listing status on the Deutsche Boerse. 3. Help Hudson raise additional financing to complete the restart of the all-hydroprocessing complex. Glimar is a complex, specialized refinery equipped with all-hydroprocessing technology licensed from Chevron Lummus and a zeoforming complex as well as a conventional distillation tower. It is capable of producing high-octane gasoline and Group III base oil, a high value lubricant. Glimar is located in Gorlice, southern Poland. About Hudson Oil Corporation: Hudson is a Canadian company focused on the acquisition of under-valued energy assets and the execution of business strategies to maximize their value. Efforts are presently directed at downstream energy opportunities in Eastern Europe. Currently, the Company's principal asset is the Glimar refinery complex in southern Poland, which is equipped with unique and industry-leading technology. The Company is developing and executing a restart plan for Glimar. About Herax Partners: Herax Partners is an independent firm providing high quality corporate finance advice. Its focus is on national and cross-border transactions in Europe. The Herax Group has offices in London and Frankfurt and access to an extensive international network of advisers and relevant professionals. Herax has substantial experience in a wide range of corporate finance transactions including public and private mergers and acquisitions, equity and debt capital raising, including IPOs and corporate restructurings. Forward-looking statements: Some of the statements contained in this release are forward-looking statements, such as statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company's current judgment regarding the direction of the Company's business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, Hudson Oil Corporation Ltd. does not intend to update any forward-looking statements to conform these statements to actual results. For more information, please visit: www.hudsonoil.ca For investor and media enquiries, please contact: Hudson Oil Paul McIvor 416-906-1276 paul.mcivor@hudsonoil.ca Herax Partners 44-20-7399-1680 info@heraxpartners.com End of Corporate News --------------------------------------------------------------------- 16.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 170274 16.05.2012
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