Petrox Resources Corp.

Petrox Resources Corp.

October 24, 2014 17:11 ET

Petrox Resources Corporate Update

CALGARY, ALBERTA--(Marketwired - Oct. 24, 2014) - Petrox Resources Corp. (TSX VENTURE:PTC) ("Petrox") confirms that the letter of intent for the purchase of producing properties in Alberta originally announced on July 8, 2014 has expired. Petrox intends to continue its search for viable producing oil and gas properties for potential acquisition.

Petrox's discussions to complete an arm's length business combination with a private entity based in Shanghai, China are ongoing (the "Transaction"). Trading of the Petrox Shares has been halted and will not resume until certain TSX Venture Exchange requirements with respect to the Transaction have been satisfied.

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Contact Information

  • Petrox Resources Corp.
    Edwin Tam
    President and CEO
    (403) 270-2290
    (403) 228-3013 (FAX)

    Petrox Resources Corp.
    Alan Chan
    (403) 237-8330
    (403) 228-3013 (FAX)