Petrominerales Ltd.

Petrominerales Ltd.

June 15, 2012 12:45 ET

Petrominerales Confirms Second Quarter Dividend

CALGARY, ALBERTA--(Marketwire - June 15, 2012) - Petrominerales Ltd. ("Petrominerales") (TSX:PMG) (BVC:PMGC) is pleased to announce that our cash dividend for the second quarter of 2012 will be paid on July 16, 2012 to Petrominerales shareholders of record on June 30, 2012. The second quarter 2012 dividend payment will be CDN$0.125 per Petrominerales share. The ex-dividend date is June 27, 2012.

Shareholders of record entitled to receive a dividend payment for Petrominerales shares acquired through the Bolsa de Valores de Colombia ("BVC") will receive the Colombian peso equivalent of their dividend entitlement, calculated based on the US dollar to Colombian peso exchange rate on the day of the conversion, which will be published on the Sistema Integral de Información del Mercado de Valores (SIMEV) website, when available. Shareholders who acquired their shares through the BVC may experience a slight delay in the receipt of their dividend entitlement as a result of local currency exchange procedures.

For more information regarding Petrominerales' dividend, please refer to our website at

As part of our recently closed convertible note offering, Petrominerales repurchased approximately 10% of our outstanding common shares. As a result of the repurchase, the total annual dividend payable has been reduced by 10%, from CDN$50 million to CDN$45 million. For more information regarding the recent convertible note offering, please visit our website at

Petrominerales Ltd. is an international oil and gas company operating in Latin America since 2002. Today, Petrominerales is the most active exploration company and one of the largest oil producers in Colombia. Our high quality land base and multi-year inventory of exploration opportunities provides long-term growth potential for years to come.

Contact Information

  • Petrominerales Ltd.
    Corey C. Ruttan
    President and Chief Executive Officer
    403.705.8850 or 011.571.629.2701

    Petrominerales Ltd.
    Jack F. Scott
    Chief Operating Officer
    403.705.8850 or 011.571.629.2701

    Petrominerales Ltd.
    Kelly D. Sledz
    Chief Financial Officer
    403.705.8850 or 011.571.629.2701