Platino Energy Corp.

TSX VENTURE : PZE


Platino Energy Corp.

January 06, 2014 18:04 ET

Platino Energy Corp. Completes Share Issuance to Pacific Rubiales Energy Corp. in Respect of Agreement Regarding Reimbursement Claim

CALGARY, ALBERTA--(Marketwired - Jan. 6, 2014) - Further to the press release of Platino Energy Corp. ("Platino") (TSX VENTURE:PZE) dated December 5, 2013, Platino announces that it has issued 1,000,000 common shares (the "Platino Shares") to Pacific Rubiales Energy Corp. ("Pacific Rubiales"). The Platino Shares were issued in connection with the final settlement of Pacific Rubiales' claim pursuant to a reimbursement agreement between Platino and C&C Energia Ltd. ("C&C") entered into in connection with the plan of arrangement pursuant to which Pacific Rubiales acquired C&C and Platino was spun off to the former shareholders of C&C.

About Platino Energy Corp.

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

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Contact Information

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

    Platino Energy Corp.
    Andres Cuenca
    Controller & Interim Chief Financial Officer
    +57(1) 235-0007

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