Platino Energy Corp.

TSX VENTURE : PZE


Platino Energy Corp.

March 13, 2014 19:40 ET

Platino Energy Corp. Announces Year End 2013 Financial Results

CALGARY, ALBERTA--(Marketwired - March 13, 2014) - Platino Energy Corp. ("Platino" or the "Company") (TSX VENTURE:PZE) announces the release of its audited consolidated financial results for the year and quarter ended December 31, 2013, together with its management's discussion and analysis, both of which will be made available on the Company's website at www.platinoenergy.com and SEDAR at www.sedar.com.

SUMMARY YEAR END 2013 FINANCIAL RESULTS
SELECTED FINANCIAL INFORMATION
(US$000s, except shares and data per share) Year Ended Year Ended
December 31, 2013 December 31, 2012
Net gain / (loss) (14,995 ) (1,320 )
Basic and diluted net gain / (loss) per share $ (0.22 ) $ (0.02 )
Weighted average shares outstanding
- Basic and Diluted 68,343,397 67,942,164
Expenditures on E&E Assets 18,340 10,384
December 31, 2013 December 31, 2012
Cash and equivalents, and short term investments 54,659 89,518
Working capital surplus 53,564 79,268
Long-term debt - -
Total assets 112,302 141,574
Common shares 69,492,164 67,942,164

About Platino Energy

Platino is a Calgary, Alberta headquartered resource company engaged in the exploration for, and the acquisition, development and production of hydrocarbons in Colombia.

NEITHER THE 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

  • Platino Energy Corp.
    Bogota
    Tomas Villamil
    President & Chief Executive Officer
    +57(1) 235-0007

    Platino Energy Corp.
    Calgary
    Tyler Rimbey
    Vice President, Business Development
    +1(403) 262-6046

    Platino Energy Corp.
    Andres Cuenca L
    Controller & Interim CFO
    +57(1) 235-0007