VANCOUVER, June 5, 2017 /CNW/ - PentaNova Energy Corp. (the
"Company") (TSXV: PNO), announces that it has changed its
name from PMI Resources Ltd. to "PentaNova Energy Corp." and
has continued its corporate jurisdiction to British Columbia from Alberta, all as approved by the shareholders
of the Company at the Annual and Special meeting (the
"Meeting") held on May 29,
2017. The trading symbol for the Company under its new
name will change to "PNO" effective June 5,
2017.
Trading in the common shares of the Company has been halted in
accordance with the policies of the Exchange and will remain halted
until such time as all required documentation has been filed with
and accepted by the Exchange in connection with the Company's
previously announced Patagonia acquisition and permission to resume
trading has been obtained from the Exchange.
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.
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 transaction 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 or
Patagonia's inability to satisfy a condition precedent to the
completion of the transaction (including obtaining necessary
regulatory approvals), other risks related to completion of the
transactions and risks related to the inability of either of the
Company or Patagonia to perform their respective obligations under
the transactions.
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 transactions and Patagonia's ability to
complete the acquisition of the Assets. 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.
SOURCE PentaNova Energy Corp.