Petrodorado Announces the Receipt of Amerisur Shares as Part Of Divestiture
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. WIRE SERVICES
Calgary, Alberta (FSCwire) - Petrodorado Energy Ltd. ("Petrodorado" or the "Company") (TSXV-PDQ) is pleased to announce that it has received common shares of Amerisur Resources PLC (“Amerisur”) as part of the previously announced divestiture.
In connection with Petrodorado’s divestiture of its participating interest in the CPO-5 and Tacacho Blocks, announced on June 29, 2015, Petrodorado has received the second of three consideration payments as established in the agreement with Amerisur. This payment was realized by the way of the issuance of 4,140,279 common shares of Amerisur to Petrodorado. These shares are expected to be admitted for trading on AIM by October 8, 2015. Concurrently, the Company has recently liquidated approximately 4.0 million common shares of Amerisur from its existing holdings for approximately US $1.5 million.
About Petrodorado Energy Ltd.
Petrodorado is primarily engaged in petroleum and natural gas exploration and development activities in Colombia and California USA. Its head office is located in Calgary, Alberta, Canada and Petrodorado’s common shares are traded on the TSXV under the trading symbol “PDQ”.
For further information, please contact:
Chris Reid, Interim President and CEO
Phone: (403) 800-9240
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.
To view this press release as a PDF file, click onto the following link:public://news_release_pdf/petrodorado10062015.pdf
Source: Petrodorado Energy Ltd. (TSX Venture:PDQ) http://www.petrodorado.com/
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(October 6, 2015 - 6:25 PM EDT)
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