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Bullboard - Stock Discussion Forum 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 Discussion

Petro Rio S.A. > Somebody likes it--- news release
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Post by robnhood on Nov 26, 2014 8:30am

Somebody likes it--- news release

NEWS RELEASE

ACQUISITION OF MATERIAL EQUITY INTEREST

Rio de Janeiro, November 26, 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, paragraph 4, of CVM Instruction 358/02, announces that it received, on October 25, 2014, a letter from BRIDGE ADMINISTRADORA DE RECURSOS LTDA. ("Bridge"), informing that it held, through the Investment Funds under its management, a total of 3,836,100 common shares issued by HRT, equivalent to 12.90% of the total capital stock of the Company.

Furthermore, Bridge clarifies that such increase in the equity interest does not represent the purpose of altering the control composition or managing structure of the Company at this moment, and that does not hold nor acknowledge linked people and Funds under its management as holder of convertible debentures into shares, subscription bonus, rights to subscribe to shares and stock options issued by the Company, as well as it states that has not entered into any contract or agreement regulating the right to vote or purchase and sale of securities issued by HRT.

Click here for the News Release.

Comment by gusdiamonds on Nov 26, 2014 5:09pm
This post has been removed in accordance with Community Policy
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