VANCOUVER, Aug. 30, 2018 /CNW/ - PentaNova Energy Corp. (the
"Company") (TSXV: PNO), announces that effective at the
market opening on September 4, 2018,
the Company will change its name to "CruzSur Energy Corp." and its
common shares and listed share purchase warrants will commence
trading on the TSX Venture Exchange on a consolidated basis of one
(1) new share for ten (10) existing shares under the symbols "CZR"
and "CZR.WT" respectively.
Following the consolidation, the Company will have approximately
24,220,160 common shares and 5,625,001 listed warrants issued and
outstanding. No fractional shares or warrants will be
issued. Instead, all resulting fractional shares and warrants
of less than one-half will be rounded down to the nearest whole
number, and of one-half or greater will be rounded up to the
nearest whole number.
The new CUSIP number for the consolidated shares is 22889C103
and the new ISIN number is CA22889C1032. The new CUSIP number
for the consolidated warrants is 22889C111 and the new ISIN number
is CA22889C1115.
About PentaNova Energy Corp.
PentaNova Energy Corp. is a publicly traded E&P company
focused on proven oil & gas plays in Latin America. The Company holds a large
diversified portfolio of producing, development and unexploited
assets in Colombia and
Argentina where it will leverage
its amplitude of technical expertise and proven track record
building companies and creating value.
Complete reports and statements are available on SEDAR at
www.sedar.com and on the Company website
www.pentanovaenergy.com.
Forward-Looking Information
Except for the statements of historical fact, this news
release contains "forward-looking information" within the meaning
of the applicable Canadian securities legislation that is based on
expectations, estimates and projections as at the date of this news
release. The information in this news release about the
completion of the operations described herein, and other
forward-looking information includes but is not limited to
information concerning the intentions, plans and future actions of
the parties to the transactions described herein and the terms of
such transaction.
Factors that could cause actual results to differ materially
from those described in such forward-looking information include,
but are not limited to, risks related to the Company's inability to
perform the proposed operations.
The forward-looking information in this news release reflects
the current expectations, assumptions and/or beliefs of the Company
based on information currently available to the Company. In
connection with the forward-looking information contained in this
news release, the Company has made assumptions about the Company's
ability to complete the planned operations and activities. The
Company has also assumed that no significant events will occur
outside of the Company's normal course of business. Although the
Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking
information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein.
Any forward-looking information speaks only as of the date on
which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any forward-looking information, whether as a result of new
information, future events or results or otherwise.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE PentaNova Energy Corp.