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Petro Rio S.A. HRTPF

"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."


GREY:HRTPF - Post by User

Post by aresoilventureson Apr 16, 2014 7:50am
301 Views
Post# 22456908

Discovery is out...

Discovery is out...NEWS RELEASE DISPOSAL OF MATERIAL EQUITY INTEREST Rio de Janeiro, April 16, 2014 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), in compliance with the provisions of Article 12 of CVM Instruction 358/02, announces that it received yesterday, April 15th, 2014, a letter from Discovery Capital Management, LLC, on behalf of Discovery Global Citizens America LLC, Discovery Global Focus America LLC, Discovery Global Opportunity America LLC and QP Investimentos LLC, all managed by Discovery Capital Management, LLC, and individuals acting in the same interest as they hold 462,700 shares issued by HRT, approximately 0.16% of the capital stock. Additionally, Discovery informed that, except for the securities mentioned above, it does not hold and has no knowledge of people connected to it holding convertible debentures, warrants, subscription rights to shares or options to purchase shares of the Company, as well as that it has not entered into any contracts or agreements regulating the exercise of voting rights or the purchase and sale of securities issued by the Company. Sedar Profile # 00031536 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.
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