|By Marketwired .||
|December 10, 2013 01:45 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/10/13 -- Petro One Energy Corp. (the "Company") (TSX VENTURE: POP)(PINKSHEETS: CUDBF)(FRANKFURT: C6K1) reports that the TSX Venture Exchange has consented to the extension of the exercise term of 2,220,003 outstanding share purchase warrants by two years.
On December 22, 2011, the Company distributed 4,440,005 units at the price of $0.60 per unit by way of non-brokered private placement. Each unit was comprised of one common share and one-half of a common share purchase warrant. Each full warrant was originally exercisable to purchase one common share for $0.80 at any time prior to 4:30 p.m. on December 22, 2013. The exercise term of those warrants has now been extended to December 22, 2015. There has been no change to the exercise price of any warrants.
ON BEHALF OF THE BOARD
Peter Bryant, President & Director
For further information, please visit the company's website at PetroOneEnergy.com or follow the Company's tweets at Twitter.com/PetroOneEnergy.
Neither 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.
King James Capital Corporation
(604) 210 2150
Petro One Energy Corp.
1300-1111 West Georgia Street
Vancouver, BC V6E 4M3
Telephone: (604) 566 9089 or Toll free: 877 566 9089
(604) 564 8003 (FAX)