MOSCOW, Dec. 5, 2013 /CNW/ - Far Vista Petroleum Corp (FVSTA, PinkSheets)
On November 8, 2013, the Company had its trading status suspended until November 22, 2013.
Far Vista announces that it is currently doing all that is necessary to re-establish its status as a company providing "Current Information" on the OTC Pink® marketplace. Far Vista's corporate/securities attorney is preparing a Form 15c2-11, which we expect will be completed shortly.
The Company has received a notice from the Commercial Bank InterCredit which represents the interested party making an offer to purchase the shares of the Company. It advises that the negotiations have been held back until the Company re-establishes its status. The correspondence from the Bank is posted on the OTC site: http://www.otcmarkets.com/financialReportViewer?symbol=FVSTA&id=114408
About Far Vista Petroleum Corp
Far Vista Petroleum Corp has business objectives of interacting with Russian operators in the oil/gas industry with the goal of building a vertically integrated petroleum company based on opportunities available in the Russian Federation. This will be accomplished through acquisitions of interests to develop crude oil sites with proven reserves by means of equity investment or joint ventures.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
SOURCE: Far Vista Petroleum Corp.
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