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PZE

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:PZE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Platino Energy Corp. Announces Year End 2013 Financial Results

13/03/2014 11:40pm

Marketwired Canada


Platino Energy Corp. ("Platino" or the "Company") (TSX VENTURE:PZE) announces
the release of its audited consolidated financial results for the year and
quarter ended December 31, 2013, together with its management's discussion and
analysis, both of which will be made available on the Company's website at
www.platinoenergy.com and SEDAR at www.sedar.com.                 




SUMMARY YEAR END 2013 FINANCIAL RESULTS                                     
                                                                            
----------------------------------------------------------------------------
SELECTED FINANCIAL INFORMATION                                              
                                                                            
----------------------------------------------------------------------------
(US$000s, except shares and data per share)       Year Ended     Year Ended 
                                                December 31,   December 31, 
                                                        2013           2012 
----------------------------------------------------------------------------
Net gain / (loss)                                    (14,995)        (1,320)
----------------------------------------------------------------------------
Basic and diluted net gain / (loss) per share  $       (0.22) $       (0.02)
----------------------------------------------------------------------------
Weighted average shares outstanding                                         
- Basic and Diluted                               68,343,397     67,942,164 
----------------------------------------------------------------------------
Expenditures on E&E Assets                            18,340         10,384 
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                                                 December 31,   December 31,
                                                         2013           2012
----------------------------------------------------------------------------
Cash and equivalents, and short term                                        
 investments                                           54,659         89,518
----------------------------------------------------------------------------
Working capital surplus                                53,564         79,268
----------------------------------------------------------------------------
Long-term debt                                              -              -
----------------------------------------------------------------------------
Total assets                                          112,302        141,574
----------------------------------------------------------------------------
Common shares                                      69,492,164     67,942,164
----------------------------------------------------------------------------



About Platino Energy

Platino is a Calgary, Alberta headquartered resource company engaged in the
exploration for, and the acquisition, development and production of hydrocarbons
in Colombia.


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Platino Energy Corp.
Bogota
Tomas Villamil
President & Chief Executive Officer
+57(1) 235-0007


Platino Energy Corp.
Calgary
Tyler Rimbey
Vice President, Business Development
+1(403) 262-6046


Platino Energy Corp.
Andres Cuenca L
Controller & Interim CFO
+57(1) 235-0007

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