Las Vegas, Nevada--(Newsfile Corp. - July 24, 2017) - Virtus Oil
and Gas Corporation (OTC Pink: VOIL), is pleased to announce it has
received a court ruling in favor of Virtus. Energy Services vs.
Virtus Oil and Gas et al. in the Fifth Judicial District Court in
and for Iron County, State of Utah, Case No. 150500183. The court
dismissed the suit with prejudice. The suit claimed that Virtus was
liable to Energy Services, LLC for approximately $360,000.
Energy Drilling LLC, the drilling contractor, had filed a suit
in the United States District Court for the District of Wyoming.
This suit is currently stayed due to the bankruptcy filing by
Energy Drilling LLC. The bankruptcy court converted the chapter 11
filing to a chapter 7 and appointed a Trustee to liquidate the
assets of Energy Drilling LLC.
About Virtus Oil and Gas Corporation
Virtus Oil and Gas Corp. (VOIL) is a Nevada-based oil and gas
exploration and production company currently focused on producing
assets in the State of Colorado and Utah. Virtus' strategy is to
acquire proven and producing assets and/or develop oil and gas
resources in proven, onshore basins in the United States.
This news release may contain "forward-looking" statements.
These forward-looking statements are only predictions and are
subject to certain risks, uncertainties and assumptions that could
cause actual results to differ from those in the forward
looking-statements. Potential risks and uncertainties include such
factors as uncertainty of consumer demand for the Company's
products, as well as additional risks and uncertainties that are
identified and described in the Company's SEC reports. The company
will need to raise additional financing in order to advance its
exploration and drilling program. Actual results may differ
materially from the forward-looking statements in this press
release. Statements made herein are as of the date of this press
release and should not be relied upon as of any subsequent date.
The Company does not undertake, and it specifically disclaims, any
obligation to update any forward-looking statements to reflect
occurrences, developments, events or circumstances after the date
of such statement.
Virtus Oil and Gas Corporation
848 North Rainbow Blvd. #170
Las Vegas, NV 89107
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