material fact lol MATERIAL FACT
CHANGES IN PETRORIO'S SENIOR MANAGEMENT TEAM
AND IN THE MATERIAL INFORMATION DISCLOSURE,
CONFIDENTIALITY AND SECURITIES TRADING POLICY
Rio de Janeiro, August 05, 2015 - Petro Rio S.A. ("PetroRio" or the "Company") (BM&FBovespa: PRIO3, TSX-V: PRJ), hereby informs that, at a Board of Directors meeting held on this date, the Board Members were informed of the resignation presented by Mr. Ricardo Wagner Carvalho de Oliveira from the position of Chief Legal Officer. During this same meeting, the Board Members unanimously approved the appointment of Mr. Blener Braga Cardoso Mayhew to fill the position of New Business Development Officer and Investor Relations Officer and Mr. Roberto Bernardes Monteiro to fill the position of Operations Officer to hold office until the meeting of the Board of Directors following the Company's Annual General Shareholders' Meeting to be held in the 2016 fiscal year.
Due to the end of print editions of Brasil Econmico newspaper, used by PetroRio as newspaper for publishing corporate documents, annual financial statements and Material Facts, the Board of Directors approved its replacement by Valor Econmico newspaper.
Additionally, the Board of Directors also approved the revision and unification of the Material Information Disclosure, Confidentiality and Securities Trading Policy, as provided in the terms of CVM Instruction 358/2002 and CVM Instruction 547/2014, to stipulate that the disclosure of any PetroRio's material act or fact will be made through news portal in the internet. Thus, PetroRio will release its material acts or facts through news portal "Valor RI" (https://www.valor.com.br/valor-ri/fatos-relevantes). Such measure is in line with the strategy developed by the Company to reduce its corporate expenses.
In addition to the aforementioned website, the disclosure of PetroRio's mat