Schedules Investor Conference Call for Thursday, April 21st
NEW YORK, NY–(Marketwired – April 12, 2016) – Petro River Oil Corp. (OTCBB: PTRC) (“Petro River” or the “Company”) has filed an application to list its common stock on The NASDAQ Capital Market ahead of several upcoming corporate events, including the drilling of an initial well in Northern Ireland’s Larne Basin in Spring 2016, and several wells in the Company’s development assets in Oklahoma and California later in the year.
“A NASDAQ listing is an important corporate objective for the Company,” said Scot Cohen, Executive Chairman of Petro River. “Petro River has made significant progress in recapitalizing the company, building a new management team and acquiring projects in prolific US and Western European basins over the last six months. Petro River’s strategy was highlighted in a recent article published on Seeking Alpha, and our Larne Basin asset has been analyzed by a leading oil and gas publication — Oil and Gas Journal. Listing on The NASDAQ Capital Market will allow Petro River to communicate this progress to a broader audience, attract institutional investors, and provide greater liquidity for our shareholders.”
The Company’s proposed listing on The NASDAQ Capital Market is subject to review by NASDAQ and is dependent upon the Company meeting all relevant quantitative and qualitative listing standards of NASDAQ. No assurance can be given that the Company’s application will be approved.
Petro River will host an investor and corporate update conference call on Thursday, April 21st at 10am EST, in which Mr. Cohen and Petro River President, Stephen Brunner, will present the Company’s strategy and provide an opportunity for Q&A with members of the media, investors and analysts. A copy of the Company’s corporate presentation will be posed on the Company’s website, located at http://petroriveroil.com/investor-relations/corporate-presentation/.
