UPDATE 1-Iteration Energy says exploring strategic alternatives

* Says will look at all options including sale of co

* Hires advisors to explore options

Feb 4 (BestGrowthStock) – Oil and gas exploration company Iteration
Energy Ltd (ITX.TO: ) said on Thursday it would conduct a review
of strategic alternatives, including a possible sale of the
company.

The company said options also include a sale of a material
portion of its assets or a corporate reorganization.

Iteration Energy has engaged FirstEnergy Capital Corp and
Scotia Waterous Inc as co-financial advisors to assist it in
this process.

Shares of the Calgary, Alberta-based company closed at
C$1.44 Wednesday on the Toronto Stock Exchange.

Stock Market Report

(Reporting by Chakradhar Adusumilli in Bangalore; Editing by
Aradhana Aravindan)

UPDATE 1-Iteration Energy says exploring strategic alternatives