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Petromanas Energy Inc (PMI.V)

PMI.V on TSX Venture Exchange

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Latest Key Developments (Source: Significant Developments)

PMI Resources Ltd announces proposed acquisition of Pentanova Energy Corp
Wednesday, 25 Jan 2017 09:00am EST 

PMI Resources Ltd : PMI Resources Ltd announces proposed acquisition of Pentanova Energy Corp . PMI Resources-letter agreement with Pentanova Energy for Reverse takeover deal; deal proposes to acquire shares in Pentanova in exchange for shares of co .Pmi Resources - Pentanova proposes to complete private placement of up to C$45 million of subscription receipts at price of C$0.50/subscription receipt.  Full Article

Petromanas Energy Inc announces departure of CEO and CFO
Monday, 2 May 2016 07:30am EDT 

Petromanas Energy Inc:Says planned termination of Glenn McNamara as Chief Executive Officer (CEO) and Bill Cummins as Chief Financial Officer (CFO), effective immediately.Verne Johnson, Chairman of the Board, will assume the duties of CEO until Albania funds are distributed to shareholders later in May, 2016 and a permanent successor is appointed.Cummins will stay on as part time CFO until the first quarter 2016 financial statements are completed and a permanent successor is appointed.  Full Article

Petromanas Energy Inc announces sale of Albanian assets to Shell
Monday, 1 Feb 2016 12:24pm EST 

Petromanas Energy Inc:Has entered into sale and purchase agreement with Shell Upstream Albania B.V. , a wholly-owned subsidiary of Royal Dutch Shell plc, pursuant to which Shell has agreed to acquire all of Petromanas' Albanian assets for aggregate gross proceeds of US$45 million.Under the terms of the Agreement, the Company will dispose of its 25% participating interest in the Block 2-3 PSC (including Operatorship), the JOA and the Block 4 Right to Shell.  Full Article

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