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Hillcrest Petroleum hires New York based capital and advisory group to accelerate its business aims

The agreement has a term of one year at a cost of US$15,000 per quarter

Hillcrest Petroleum Ltd -
"Aligning ourselves with an established US based financial and advisory group is expected to accelerate Hillcrest's business objectives

Hillcrest Petroleum Ltd (CVE:HRH) (OTCMKTS:HLRTF) is looking to broaden its business horizons and has struck a financial and advisory services agreement with an unnamed New York-based firm.

The agreement has a term of one year at a cost of US$15,000 per quarter.

READ: Hillcrest Petroleum inks US patented energy technology licensing agreement

"Hillcrest intends to broaden our current, primarily Canadian, business network and believes the relationship with our New York advisors will greatly assist in that effort," Don Currie, the Hillcrest CEO said in a statement.

"There is a large, untapped business community who may have interest in participating or financially supporting a producing energy company, with profitable oil production at field level or to participate in licensing, marketing and deployment of a potentially disruptive US patented energy efficiency technology," he added.

The Hillcrest boss said he appreciates the 'incredible' support of the Canadian business community, but believes that "building a more extensive network in the US and following that, the EU, is critical to corporate growth".

The scope of work from the US firm includes advice on its aim to be quoted and trading on a US listing service in addition to the current Canadian listing and introducing Hillcrest to potential business or institutional entities with interest or ability to partner in its projects.

Contact the author at giles@proactiveinvestors.com

Quick facts: Hillcrest Petroleum Ltd

Price: 0.065 CAD

TSX-V:HRH
Market: TSX-V
Market Cap: $10.52 m
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