CALGARY, Feb. 15, 2012 /CNW/ - (TSX-V:ROZ) - Following today's trading halt by Investment Industry Regulatory
Organization of Canada ("IIROC"), Rodinia Oil Corp. ("Rodinia")
confirms that it is unaware of any undisclosed material changes
pertaining to Rodinia that would account for the recent increase in
market activity and the rise in its share price on the TSX Venture
Rodinia currently has working capital of approximately $6.0 - $10.0
million (inclusive of its current investment in PetroFrontier ("TSX-V:
PFC")), depending on the outcome of its ongoing joint venture dispute
Rodinia's ability to finance its future operations is dependent upon its
ability to obtain new sources of financing.
About Rodinia Oil Corp.
Rodinia is an international oil and gas exploration corporation. The
Common Shares and Warrants are listed for trading on the TSX Venture
Exchange under the symbols "ROZ" and "ROZ.WT" respectively. Rodinia is
engaged in the exploration, acquisition and development of petroleum
and natural gas assets in Australia's Officer Basin. Founded in 2006,
Rodinia has access to large tracts of exploratory lands and is one of
the first companies to undertake exploration in the Officer Basin.
Rodinia has offices in Calgary, Alberta and Adelaide, South Australia.
This press release may contain forward-looking information that involves
substantial known and unknown risks and uncertainties, most of which
are beyond the control of Rodinia, including, without limitation,
statements pertaining to Rodinia's future operations and sources of
capital. All statements included herein, other than statements of
historical fact, are forward-looking information and such information
involves various risks and uncertainties. There can be no assurance
that such information will prove to be accurate, and actual results and
future events could differ materially from those anticipated in such
information. A description of assumptions used to develop such
forward-looking information and a description of risk factors that may
cause actual results to differ materially from forward-looking
information can be found in Rodinia's disclosure documents on the SEDAR
website at www.sedar.com. Any forward-looking statements are made as of the date of this
release and, other than as required by applicable securities laws,
Rodinia does not assume any obligation to update or revise them to
reflect new events or circumstances.
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.
SOURCE Rodinia Oil Corp.
For further information:
Rodinia Oil Corp.
Suite 320, 715 - 5 Ave. S.W.
Calgary, Alberta, Canada T2P 2X6
Telephone: (403) 718-0366
Toll Free: (877) 822-7280
Fax: (403) 718-3888