Petro Uno Resources Ltd.
TSX VENTURE : PUP

December 20, 2010 19:01 ET

Petro Uno's Special Warrants Convert to Free Trading Stock

CALGARY, ALBERTA--(Marketwire - Dec. 20, 2010) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Petro Uno Resources Ltd. ("Petro Uno" or the "Company") (TSX VENTURE:PUP) is pleased to announce that today a receipt has been issued for the final prospectus filed in connection with the qualification of 19,170,500 common shares ("Common Shares") of Petro Uno underlying the 19,170,500 special warrants ("Special Warrants") issued and sold on November 29, 2010. As a result, each Special Warrant shall automatically convert to one free trading Common Share.

A copy of the final prospectus and receipt are available on SEDAR under the Company's profile at www.sedar.com and a copy of the prospectus will be delivered to each registered owner of Special Warrants.

About Petro Uno Resources Ltd.

Petro Uno is a junior oil and gas company, trading on the TSX Venture Exchange under the symbol "PUP". 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither 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.

Contact Information

  • Petro Uno Resources Ltd.
    William Ambrose
    President and Chief Executive Officer
    (403) 453-2266 Ext. 224
    or
    Petro Uno Resources Ltd.
    Jordan Kevol
    Vice President, Exploration and Development
    (403) 453-2266 Ext. 232