BOGOTA, Colombia, April 19, 2017 /CNW/ - Orinoquia Capital, Ltd.
(the Company) is pleased to announce that on April 4, 2017 it acquired 25,100,000 common
shares (each, a Common Share) of PMI Resources Ltd.
(PMI). PMI's head office is located at Suite 3123, 595
Burrard Street, Vancouver, British
Columbia, V7X 1J1.
On April 4, 2017, a wholly-owned
subsidiary of PMI amalgamated with PentaNova Energy Corp.
(PentaNova) by way of a merger pursuant to the British
Virgin Islands Business Company Act (the Merger). Pursuant
to the Merger, each outstanding share of PentaNova was cancelled in
exchange for an entitlement to receive shares in PMI (on a one for
one basis). The Company received 25,100,000 Common Shares pursuant
to the Merger, representing approximately 13.74% of the issued and
outstanding Common Shares upon completion of the Merger.
Immediately prior to the completion of the Merger, the Company
owned no Common Shares.
The Company acquired the Common Shares for investment purposes.
The Company will evaluate its investment in PMI from time to time
and may, based on such evaluation, market conditions and other
circumstances, acquire further Common Shares or other securities of
PMI or dispose of its holdings of securities of PMI.
The Company's registered office is located at 2nd Floor, O'Neal
Marketing Associates Building, P.O. Box 4493, Road Town, Tortola,
British Virgin Islands,
VG1110.
SOURCE PMI Resources Ltd.