Petro Vista Energy Corp. PTVYF

First PP

[blackswan]

Petro Vista 11.75-million-share private placement

Petro Vista Energy Corp (C:PTV)
Shares Issued 122,480,708
Last Close 3/17/2011
.22
Friday March 18 2011 - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced March 9, 2011, and March 16, 2011.

Number of shares:11.75 million shares Purchase price:20 cents per share Warrants:11.75 million share purchase warrants to purchase 11.75 million shares Warrant exercise price:30 cents for a three-year period, subject to acceleration if the daily volume weighted average trading price of the shares is equal to or exceeds 45 cents for a period of 10 consecutive trading days after the expiry of the hold period Hidden placees:Five hidden placeesPro groups:James Chan, 100,000; Leanna Jiang, 100,000; Jane Feng, 50,000 Finders' fees:Trimark Trading (Ibrahim Abdulla) receives 300,000 non-transferable warrants, each exercisable at a price of 23.5 cents for a two-year period, and 300,000 units with the same terms as the above private placement. Hanson Peak LLP (Michael Hanson and David Peak) receives 90,000 non-transferable warrants, each exercisable at a price of 23.5 cents for a two-year period, and 90,000 units with the same terms as the above private placement. Global Resource Investments Ltd. receives 300,000 non-transferable warrants, each exercisable at a price of 23.5 cents for a two-year period, and 300,000 units with the same terms as the above private placement.

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