Platino Energy Corp. Completes Share Issuance to Pacific Rubiales Energy Corp. in Respect of Agreement Regarding Reimbursemen...

Platino Energy Corp. Completes Share Issuance to Pacific Rubiales Energy Corp. in Respect of Agreement Regarding Reimbursement Claim
  
 

CALGARY, ALBERTA--(Marketwired - Jan 6, 2014) - Further to the press release of Platino Energy Corp. ("Platino") (TSX-VENTURE:PZE) dated December 5, 2013, Platino announces that it has issued 1,000,000 common shares (the "Platino Shares") to Pacific Rubiales Energy Corp. ("Pacific Rubiales"). The Platino Shares were issued in connection with the final settlement of Pacific Rubiales' claim pursuant to a reimbursement agreement between Platino and C&C Energia Ltd. ("C&C") entered into in connection with the plan of arrangement pursuant to which Pacific Rubiales acquired C&C and Platino was spun off to the former shareholders of C&C.

About Platino Energy Corp.

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.

Platino Energy Corp.In BogotaTomas Villamil President & Chief Executive Officer+57(1) 235-0007Platino Energy Corp.Andres CuencaController & Interim Chief Financial Officer+57(1) 235-0007Platino Energy Corp.In CalgaryTyler RimbeyVice President, Business Development+1(403) 262-6046