Petrus Resources Ltd T.PRQ

Rights are righted by Petrus

[vocex1]

After much travail a resolution of my problem with the rights has been achieved. Odyssey was not helpful, basically referred me back to the broker, TD Ameritrade for resolution, so that was a non-starter. I reached out to Petrus and Lindsay, in the Investor Relations Dept, sent all documentation on the brokerage accounts verifying my holdings of Petrus and the rights I was entitled to, and received a call from Matthew in IR, and he advised that the company had sold all unclaimed rights about 4/14 and that the proceeds from the sales of rights would be credited to the accounts of holders, with funds expected to arrive in May from these sales of rights. I recall seeing a very large trade of rights about that time with the price of 30 cents cdn, on my Tradestation screen. Have no idea what the sale price will be for these unclaimed rights but I recall they were trading about 12 cents or so back then, for most transactions going by on the tape, the VWAP on trades of shares in the 14th was between 2.25 and 2.30 cdn, so 12 or 13 cents looks about right to me, just a guess. At any rate, Petrus and the Gray family gave once again done right(no pun intended) by this shareholder and I told Matt I was actively increasing my position over the past 2 days, I am in for the long run on this firm.

[Augataag]

vocex1 - super glad to hear it worked out. I really respect this management team and feel they'll do right by their shareholders.

[llerrad5]

I agree Petrus IR have been very helpful and responsive.