MOSCOW, Dec. 5, 2013 /PRNewswire/ - Far Vista
Petroleum Corp (FVSTA, PinkSheets)
On November 8, 2013, the Company
had its trading status suspended until November 22, 2013.
Far Vista announces that it is currently doing all that is
necessary to re-establish its status as a company providing
"Current Information" on the OTC
Pink® marketplace. Far Vista's
corporate/securities attorney is preparing a Form 15c2-11, which we
expect will be completed shortly.
The Company has received a notice from the Commercial Bank
InterCredit which represents the interested party making an offer
to purchase the shares of the Company. It advises that the
negotiations have been held back until the Company re-establishes
its status. The correspondence from the Bank is posted on the OTC
site:
http://www.otcmarkets.com/financialReportViewer?symbol=FVSTA&id=114408
About Far Vista Petroleum Corp
Far Vista Petroleum Corp has business objectives
of interacting with Russian operators in the oil/gas industry with
the goal of building a vertically integrated petroleum
company based on opportunities available in the Russian Federation. This will be accomplished
through acquisitions of interests to develop crude oil sites with
proven reserves by means of equity investment or joint
ventures.
Forward-Looking Statements
This news release contains "forward-looking statements," as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the
future.
SOURCE Far Vista Petroleum Corp.