IRVING, Texas, Sept. 19, 2018 (GLOBE NEWSWIRE) — Blue Ridge Mountain Resources, Inc. (OTCPK: BRMR) (Blue Ridge or the Company) today is admiring to advertise the arrangement of Michael Hodges to Senior Vice President of Finance. Michaels aboriginal day with the Aggregation will be September 19, 2018. Effective aloft the acknowledged achievement of the Companys proposed alliance with Eclipse Assets Corporation (NYSE: ECR) (Eclipse), Michael will accept the role of Controlling Vice President and Chief Banking Officer of Eclipse from Matthew DeNezza, who is currently confined in such accommodation with Eclipse. Matthew will abide in abode with Eclipse and abutment the alteration until the aing of the merger. The transaction is accepted to aing in the fourth division of 2018, accountable to appropriate authoritative approvals.
Michael joins Blue Ridge from PayRock Activity II (an EnCap portfolio company), an assay and assembly aggregation focused on oil and accustomed gas assets aural the Eagle Ford Shale of South Texas. Michael has about 20 years of acquaintance in the upstream oil and gas industry. His areas of adeptness accommodate banking planning and ysis, basic markets, mergers and acquisitions, broker relations and accounting. Previously, Michael was the Chief Banking Officer for Ward Activity Partners, a private-equity sponsored business focused on developing liquids-rich assets in the Anadarko Basin of Oklahoma and the DJ Basin of Colorado and Wyoming. Prior to aing Ward Activity Partners, Michael was the Chief Banking Officer for Rex Activity Corporation, a publicly-traded aggregation developing accustomed assets in the Marcellus Shale of Pennsylvania and the Utica Shale of Ohio. Michael began his career with Chesapeake Activity Corporation and afterwards formed for SandRidge Energy, Inc. in assorted accounting roles of accretion responsibility. Michael accustomed a B.B.A. in Accounts from the University of Oklahoma in 2000 and an M.S. in Activity Administration from Oklahoma City University in 2017 and is a Certified Accessible Accountant in the State of Oklahoma.
John Reinhart, President and CEO of Blue Ridge, commented, We are captivated to acceptable Michael to Blue Ridge. Michael brings with him cogent industry acquaintance and an accomplished clue almanac of arch accounts functions in the upstream activity area while possessing executive-level acquaintance at both accessible and clandestine activity companies. As we actively focus on our action of acknowledgment on advance and near-term chargeless banknote breeze bearing for the pro forma company, Michaels arrangement reinforces our allegation to alluring aptitude with accordant sectoral and operational acquaintance that will advice us to apparatus that strategy. The aptitude of both organizations is reflected in the pro forma administration and, with the accession of Michael, will advice advance us to advance one of the arch operators in the Appalachian Basin. We accept accumulated a awful experienced, after-effects apprenticed aggregation with a clue almanac of innovation, affiliation and execution. Together with the absolute controlling team, I am actual abundant attractive advanced to alive with Michael again.”
About Blue Ridge Mountain Resources, Inc.
Blue Ridge is an Irving, Texas based absolute assay and assembly aggregation affianced in the acquisition, development and assembly of accustomed gas and accustomed gas liquids. Blue Ridge is alive in two of the best abounding anarchistic shale adeptness plays in North America, the Marcellus and Utica Shales.
No Action or Solicitation
This advice relates to a proposed business aggregate transaction (the Transaction) amid Eclipse Assets Corporation (Eclipse Resources) and Blue Ridge Mountain Resources, Inc. (Blue Ridge). This advice is for advisory purposes alone and does not aggregate an action to advertise or the address of an action to buy any balance or a address of any vote or approval, in any jurisdiction, pursuant to the Transaction or otherwise, nor shall there be any sale, issuance, barter or alteration of the balance referred to in this certificate in any administration in contravention of applicative law. No action of balance shall be fabricated except by agency of a advertisement affair the requirements of Section10 of the Balance Act of 1933, as amended.
Additional Advice and Where to Find It
In affiliation with the Transaction, Eclipse Assets will book with the U.S. Balance and Barter Commission (SEC) a allotment account on Form S-4 that will accommodate a accord address account of Blue Ridge and an advice account of Eclipse Assets and that additionally constitutes a advertisement of Eclipse Resources. Eclipse Assets may additionally book added abstracts with the SEC apropos the Transaction. The absolute accord address statement/information statement/prospectus will be beatific to the stockholders of Eclipse Assets and Blue Ridge. This certificate is not a acting for the allotment account and accord address statement/information statement/prospectus that will be filed with the SEC or any added abstracts that Eclipse Assets may book with the SEC or that Eclipse Assets or Blue Ridge may accelerate to stockholders of Eclipse Assets or Blue Ridge in affiliation with the Transaction. INVESTORS AND SECURITY HOLDERS OF ECLIPSE RESOURCES AND BLUE RIDGE ARE URGED TO READ THE REGISTRATION STATEMENT, THE CONSENT SOLICITATION STATEMENT/INFORMATION STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION AND RELATED MATTERS.
Investors and aegis holders will be able to admission chargeless copies of the allotment account and the accord address statement/information statement/prospectus (when available) and all added abstracts filed or that will be filed with the SEC by Eclipse Assets through the website maintained by the SEC at www.sec.gov. Copies of abstracts filed with the SEC by Eclipse Assets will be fabricated accessible chargeless of allegation on Eclipse Assets website at www.eclipseresources.com or by contacting Eclipse Assets Broker Relations Department by buzz at 814-325-2059.
Participants in Solicitation
Eclipse Resources, Blue Ridge and assertive of their corresponding directors, controlling admiral and associates of administration and advisers may be accounted to be participants in the address of consents from the holders of Blue Ridges accepted b in account to the Transaction.
Information apropos Eclipse Assets admiral and controlling admiral is independent in Eclipse Assets Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Accepted Reports on Form 8-K. Advice apropos Blue Ridges admiral and controlling admiral will be independent in the accord address statement/information statement/prospectus and added accordant abstracts filed with the SEC. You can admission a chargeless archetype of these abstracts at the SECs website at www.sec.gov or by accessing Eclipse Assets website at www.eclipseresources.com.
Investors may admission added advice apropos the interests of those bodies who may be accounted participants in the Transaction by account the accord address statement/information statement/prospectus and added accordant abstracts filed with the SEC apropos the Transaction back they become available. You may admission chargeless copies of these abstracts as declared above.
Forward-Looking Statements and Cautionary Statements
This columnist absolution contains advanced statements aural the acceptation of Section 27A of the Balance Act of 1933, as adapted (the Balance Act) and Section 21E of the Balance Barter Act of 1934, as adapted (the Barter Act). All statements, added than statements of actual actuality included in this columnist release, regarding, amid added things, strategy, approaching operations, banking position, estimated revenues and income/losses, projected costs and basic expenditures, prospects, affairs and objectives of administration are advanced statements. Back acclimated in this columnist release, the words plan, endeavor, will, would, could, believe, anticipate, intend, estimate, expect, activity and agnate expressions are advised to yze advanced statements, although not all advanced statements accommodate such anecdotic words. These advanced statements are based on Eclipse Assets and Blue Ridges accepted expectations and assumptions about approaching contest and are based on currently accessible advice as to the aftereffect and timing of approaching events. Back because advanced statements, you should accumulate in apperception the accident factors and added cautionary statements declared in the accord address statement/information statement/prospectus and beneath Item 1A. Accident Factors in Eclipse Assets Annual Report on Form 10-K filed with the Balance Barter Commission on March 2, 2018 (the 2017 Annual Report) and in Eclipse Assets Quarterly Reports on Form 10-Q.
With account to the proposed Transaction declared herein, advanced statements may include, but are not bound to, statements apropos the accepted timing and likelihood of the achievement of the Transaction; the timing, cancellation and advancing agreement and altitude of any appropriate authoritative and authoritative approvals of the Transaction; the adeptness to complete the Transaction because the assorted closing conditions; pro forma descriptions of the accumulated aggregation and its operation, affiliation and alteration plans, synergies, opportunities and advancing approaching performance; the allowances of the Transaction and their appulse on Eclipse Assets business, operations and assets; and any statements of assumptions basal any of the foregoing. In addition, advanced statements may accommodate statements about business strategy; reserves; accepted bread-and-er conditions; banking strategy, clamminess and basic appropriate for developing backdrop and timing accompanying thereto; accomplished accustomed gas, accustomed gas liquids and oil prices; timing and bulk of approaching assembly of accustomed gas, NGLs and oil; ambiguity action and results; approaching conduct plans; antagonism and government regulations, including those accompanying to hydraulic fracturing; the advancing allowances beneath bartering agreements; business of accustomed gas, NGLs and oil; leasehold and business acquisitions; the costs, agreement and availability of gathering, processing, fractionation and added midstream services; accepted bread-and-er conditions; acclaim markets; ambiguity apropos approaching operating results, including antecedent assembly ante and aqueous yields in its blazon ambit areas; and plans, objectives, expectations and intentions independent in this columnist absolution that are not historical.
Eclipse Assets and Blue Ridge attention you that the advanced statements pertaining to the proposed Transaction are accountable to risks and uncertainties accompanying to the allowances from, or achievement of, the proposed Transaction, including, afterwards limitation, abortion to amuse any of the altitude antecedent to the proposed Transaction (including the achievability that stockholders of Blue Ridge may not accept the Transaction), disruption of administration time from advancing business operations due to the Transaction, adverse furnishings on the bazaar amount of Eclipse Assets accepted b and on Eclipse Assets operating after-effects because of a abortion to complete the proposed Transaction or because of any announcements accompanying to the Transaction, adverse furnishings on the adeptness of Eclipse Assets and Blue Ridge to absorb barter and absorb and appoint key cadre and advance relationships with their suppliers and customers, abortion to apprehend the accepted allowances of the proposed Transaction, abrogating furnishings of advertisement or cleanup of the proposed Transaction on the bazaar amount of Eclipse Assets accepted stock, and cogent transaction costs, alien liabilities and/or hasty costs such as action expenses. In addition, if and back the proposed Transaction is consummated, there will be risks and uncertainties accompanying to Eclipse Assets adeptness to auspiciously accommodate the operations of Blue Ridge, including the accident that the accumulated aggregation may not accomplish as finer and calmly as expected, may be clumsy to accomplish synergies or may booty best than accepted to accomplish synergies. In addition, all advanced statements are accountable to risks and uncertainties, best of which are difficult to adumbrate and abounding of which are above either companys control, adventure to the assay for and development, production, acquisition and auction of accustomed gas, NGLs and oil. These risks include, but are not bound to, acknowledged and ecology risks, conduct and added operating risks, authoritative changes, article amount animation and the contempo cogent abatement of the amount of accustomed gas, NGLs, and oil, inflation, abridgement of availability of drilling, assembly and processing accessories and services, counterparty acclaim risk, the ambiguity inherent in ciphering accustomed gas, NGLs and oil affluence and in bulging approaching ante of production, banknote breeze and admission to capital, the timing of development expenditures, and the added risks declared in the accord address statement/information statement/prospectus and beneath Item 1A. Accident Factors in the 2017 Annual Report and in Eclipse Assets Quarterly Reports on Form 10-Q.
All advanced statements, bidding or implied, included in this columnist absolution are especially able in their absoluteness by this cautionary account and are based on assumptions that Eclipse Assets or Blue Ridge believes to be reasonable but that may not prove to be accurate. This cautionary account should additionally be advised in affiliation with any consecutive accounting or articulate advanced statements that Eclipse Resources, Blue Ridge or bodies acting on their account may issue. Except as contrarily appropriate by applicative law, Eclipse Assets and Blue Ridge abandon any assignment to amend any advanced statements to reflect new advice or contest or affairs afterwards the date of this columnist release. Readers are cautioned not to abode disproportionate assurance on these advanced statements, which allege alone as of the date hereof.
Blue Ridge Contact:
Blue Ridge Mountain Resources, Inc.
Michael Koy, EVP & CFO469-293-2166
Eclipse Assets Contact:
Eclipse Assets CorporationDouglas Kris, Broker Relations814-325-2059[email protected]
Source:Copyright (c) GlobeNewswire, Inc. All Rights Reserved
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