CALGARY, Dec. 4 /CNW/ - Patch International Inc. (OTCBB: PTCH) ("Patch")
is pleased to announce that the TSX Venture Exchange (the "Exchange") has
conditionally approved the listing of the common shares of Patch on the
Exchange. The listing of the shares is conditional on Patch fulfilling certain
requirements. It is expected that Patch will be able to satisfy the conditions
and the shares will begin trading on the Exchange within the coming weeks. The
Patch trading symbol on the Exchange will be "PCH".
The Patch shares currently trade on or are listed on the NASD Over the
Counter Bulletin Board (PTCH), the Berlin Bremen Stock Exchange (PQG) and the
Frankfurt Stock Exchange (PQGB).
Patch International Inc. is an emerging oil sands company dedicated to
the exploitation and production of its resources in the Athabasca oil sands
area in Alberta, Canada. Patch's strategy has been to engage top quality staff
and consultants to exploit and produce its high quality oil sands assets.
Patch's oil sands are situated in the heart of the Ells River area. Patch
continues to demonstrate it has the ability to execute effectively to add
shareholder value. Patch's strategy is clear: the key components to
shareholder value reside in unlocking asset quality, demonstrating critical
mass of a project, and defining a clear and concise plan to commercialization.
Patch holds strong to the fundamentals of this business model, with high
quality assets and a strong team to execute its plan.
Please visit Patch's website at www.patchenergy.com
No regulatory authority has approved nor disapproved the contents of this
Forward Looking Statement:
This news release contains certain statements that may be deemed
"forward-looking statements" about the development of oil sands in Alberta,
Canada. All statements in this release, other than statements of historical
fact, that address future production, reserve/resource potential, exploration
drilling, exploitation activities and events or developments that Patch
expects to occur, are forward looking statements. Forward looking statements
are statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential", and similar expressions, or
that events or conditions "will", "would", "may", "could" or "should" occur.
Information inferred from the interpretation of drilling results and
information concerning mineral resource estimates may also be deemed to be
forward looking statements, as it constitutes a prediction of what might be
found to be present when and if a project is actually developed. Although
Patch believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from those in the
forward-looking statements. Factors that could cause the actual results to
differ materially from those in forward-looking statements include market
prices, exploitation and exploration successes, and continued availability of
capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. Forward-looking statements
are based on the beliefs, estimates and opinions of Patch's management on the
date the statements are made. Patch undertakes no obligation to update these
forward-looking statements in the event that management's beliefs, estimates
or opinions, or other factors, should change. For further information,
investors should review Patch's filings that are available at www.sec.gov and
For further information:
For further information: Jason Dagenais, Chief Operating Officer; OR
Cathy Forsyth, Investor Relations Manager, Patch International Inc., (403)
441-4390, extension 2000, Email: email@example.com