TORONTO, Jan. 27 /CNW/ - Libra Advisors, LLC ("Libra"), announced today that it has acquired 10,000,000 Units of Petro Vista Energy Corp. ("Petro") at a price of $0.20 per Unit in connection with Petro's private placement. Each Unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share, at a price of $0.30 per warrant until January 12, 2012.
As a result of the acquisition, Libra now holds 10,000,000 common shares, representing approximately 9.1% of the outstanding common shares of Petro, and 10,000,000 warrants of Petro that, if exercised, would result in Libra holding approximately 16.8% of the total outstanding common shares of Petro.
Libra acquired these Units for investment purposes and may, from time to time, acquire additional securities of Petro or dispose of such securities as it may deem appropriate.
Libra is the investment advisor to Libra Fund, LP and Libra Offshore Master Fund, LP with principal offices at 909 Third Avenue, 29th Floor, New York, NY 10022.
SOURCE LIBRA ADVISORS, LLC
For further information: For further information: Mr. Ranjan Tandon, Managing Member at (212) 350-5125