THE WOODLANDS, TX, May 30, 2014 /CNW/ - Porto Energy Corp., ("Porto" or the "Company") (TSXV:PEC), today announced that, further to its May 26, 2014
announcement relating to the wind-down of its operations, each of the
directors and officers of Porto and its wholly owned subsidiary, Mohave
Oil and Gas Corporation, has resigned effective immediately.
It is anticipated that trading in the common shares of Porto will remain
suspended by the TSXV, with the eventual delisting of the Company from
the TSXV in due course.
About Porto Energy Corp.
Porto Energy Corp. is an international oil and gas company engaged in
the exploration of crude oil and natural gas in Portugal. Porto
Energy's shares trade on the TSX Venture Exchange under the ticker
symbol "PEC". For more information on Porto Energy visit www.portoenergy.com.
This press release contains certain forward-looking statements. These
statements relate to future events or the Company's future
performance. All statements other than statements of historical fact
are forward-looking statements. The use of any of the words
"anticipate", "plan", "continue", "estimate", "expect", "may", "will",
"project", "should", "believe", "predict" and "potential" and similar
expressions are intended to identify forward-looking statements. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements. No assurance
can be given that these expectations will prove to be correct and such
forward-looking statements should not be unduly relied upon. These
forward-looking statements are made as of the date of this press
release and the Company does not undertake to update any
forward-looking statements that are contained in this press release,
except in accordance with applicable securities laws.
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.
SOURCE: Porto Energy Corp.
For further information:
For more information on Porto Energy visit www.portoenergy.com.