CEC and LG Agree to Acquire Additional Interest in Comox Joint Venture

CEC and LG Agree to Acquire Additional Interest in Comox Joint Venture 
TSX-V TRADING SYMBOL:  CEC 
VANCOUVER, July 29, 2014 /CNW/ - Compliance Energy Corporation (the "Company) 
announces that the Company and LG International Investments (Canada) Ltd., a 
wholly owned subsidiary of LG International Corp. of South Korea (LGI) have 
reached an agreement with I-Comox Coal Inc., a wholly owned subsidiary of 
Itochu Corporation of Japan (Itochu) under which the Company and LGI will 
acquire Itochu's interest in the Comox Joint Venture. Under the terms of the 
agreement, Itochu will withdraw from the Comox Joint Venture (CJV) and the 
Company and LGI will increase their respective interests in the project. A 
condition of the Company and LGI acquiring Itochu's interest is finalization 
of certain conditions which include the transfer of land titles and payment of 
Itochu's proportional share of prior expenditures. 
The Comox Joint Venture involves the development of private coal rights and 
crown coal licenses in a historical coal mining area of Vancouver Island.  The 
surface facilities are proposed to be located on private land that was 
recently logged, thus allowing for minimal impact to the area while providing 
much needed jobs on Vancouver Island. 
The Company and LGI have been continuing the environmental application process 
with the British Columbia Environmental Application Office (EAO) and Canadian 
Environmental Application Agency (CEAA). Currently, the Company is preparing a 
response to the screening comments provided by the EAO and CEAA and plans to 
continue to advance its environmental application throughout the year. 
On behalf of the Board of 
COMPLIANCE ENERGY CORPORATION 
Mr. Stephen Ellis
President and COO 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the Policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release.
 

SOURCE  Compliance Energy Corporation 
Contact Stephen Ellis, President and COO. Compliance Coal Corporation at  
250-871-7910 for further information. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/July2014/29/c8878.html 
CO: Compliance Energy Corporation
ST: British Columbia
NI: MNG OIL MNA VNT  
-0- Jul/29/2014 07:30 GMT
 
 
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