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Umbral Energy (CSE: UMB) New Listing on CSE

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Concurrent with its new CSE listing, the company has de-listed from the TSX Venture Exchange. Although the company has two resource projects, the Letourneur gold property, located in the Abitibi region of southwestern Quebec, and a farmout agreement with Aroway Energy to earn a 25% interest in an exploration test well located in Southern Alberta, it is considering other activities to increase shareholder value.

Additional Information:

Company: Umbral Energy
Website: http://www.umbralenergy.com/
Stock Symbol: CSE: UMB
Date Published: Oct 21, 2014
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Umbral Energy is one of the latest new listings on the Canadian Securities Exchange, and is trading under the symbol “UMB”.

Concurrent with its new CSE listing, the company has de-listed from the TSX Venture Exchange.

Although the company has two resource projects, the Letourneur gold property, located in the Abitibi region of southwestern Quebec, and a farmout agreement with Aroway Energy to earn a 25% interest in an exploration test well located in Southern Alberta, it is considering other activities to increase shareholder value.

In June, the company signed a non-disclosure agreement with a private company, and has in return obtained a business plan containing the details to produce and market, several strains of medical marijuana.

The business premises are comprised of a 10,500 square foot building, on 13 acres, which can accommodate up to 4 or more attached buildings of equal size.

While there is no definitive agreement at this time, the company has entered into a standstill and exclusivity period in order to conduct the necessary due diligence and review the business plan.

Jag Bal, President and CEO stated, “The signing of the NDA and Standstill Agreement prohibits the company from divulging specifics of the business relating to the extent of Target's capacity, within the Medical Marijuana industry. I am excited by the potential of this opportunity for our shareholders, as we continue our detailed, due diligence."

The target company does not currently have a licence to produce marijuana.

Until such time as a transaction is completed, management will continue to evaluate other potential transactions across all sectors.

The shares are currently trading at $0.08 and with 37.9 million shares outstanding the company is capitalized at $3 million.

For more information, please visit the company’s website, www.umbralenergy.com or contact Jag Bal, President & CEO at 604-628-1767 or by email at info@umbralenergy.com.

I’m Samantha Deutscher for Investmentpitch Media
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