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Share Name | Share Symbol | Market | Type |
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TSXV:PTR | TSX Venture | Common Stock |
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VANCOUVER, Dec. 17, 2015 /CNW/ - Petromin Resources Ltd. ("Petromin" or the "Company") wishes to clarify various inaccuracies recently published in a dissident proxy circular dated December 4, 2015 (the "Dissident Circular") by Ivano DeCotiis in support of the nomination of himself and others (collectively, the "Dissidents") as directors of Petromin.
BACKGROUND
In the first quarter of 2015 the Dissidents participated in a private placement by the Company, subsequently approaching the Company's management with a proposal to assume management of the Company - Mr. DeCotiis and Mr. Daum failed to present any plan to create value for Petromin's shareholders and since that time both Mr. DeCotiis and Mr. Daum have made several attempts to mislead and misinform shareholders and to attack the integrity of the Company's management and its employees.
The Dissidents claim that Petromin or members of its board wrongfully converted, transferred or otherwise disposed of Petromin's shareholding in TerraWest Energy Corp. ("TWE"), a private British Columbia-incorporated company. Petromin confirms the following:
Your Vote Is Important
If you are concerned that you may have inadvertently provided a proxy in favour of the Dissident Circular, or have changed your mind since submitting a proxy to the Dissidents, you have the right to revoke your prior proxy and provide a new proxy. If you need help voting your proxy, obtaining a replacement proxy form, or revoking your prior proxy, please contact the Company by telephone at 604-682-8831 or by email at info@petromin.ca.
About Petromin
Petromin Resources Ltd. (TSXV: PTR) is an oil and natural gas exploration and production company listed as a Tier 1 issuer on the TSX Venture Exchange. The Company is currently focused on its core operations, which include four oil and natural gas producing properties in central Alberta, Canada along the Western Canada Sedimentary Basin.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Petromin Resources Ltd.
Copyright 2015 Canada NewsWire
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