NEW YORK, NY / ACCESSWIRE / October 13, 2015 / PetroTerra Corp. (OTCQB: PTRA) an independent oil and gas exploration company recently announced that on July 1, 2015 it effected a 1:2.5 reverse split of its common stock. PetroTerra's common stock is trading on a split-adjusted basis under a new CUSIP number 71676F308 and traded under the temporary symbol "PTRAD," with the "D" appended to signify that the reverse stock split has occurred. PetroTerra's trading symbol reverted to "PTRA" after 20 trading days on or about July 30, 2015. The reverse stock split is intended to consolidate the number of shares outstanding to reflect a more streamlined capital structure for future capital raising opportunities.
In addition, the company recently filed with the SEC a Statement of changes in beneficial ownership of securities. The SEC filing indicated that the COO Kurt Reinecke added 40,000 shares to his position.
For a more detailed research report with analyst comments on PetroTerra Corp. please follow the link. There is no cost obligation required to view analyst brief:
http://bit.ly/-PTRA_Due_Diligence (Copy and paste to browser may be required).
About PetroTerra Corp.
PetroTerra Corp. (OTCQB: PTRA; PTRAD) is an independent oil and gas exploration company based in Colorado Springs, Colo. The Company is engaged in identifying, evaluating and developing early stage onshore oil and gas opportunities in the domestic U.S. The Company's strategy is to focus on a step-by-step approach to evaluate assets that are located in high potential, proven basins and to prudently develop and manage those assets to create maximum value for shareholders. The Company's current focus is on the Sevier and Beaver Oil Project in west central Utah. The Company owns a 100% working interest and 80% net revenue interest in the project.
About Broad Street Alerts
We make the connection between sophisticated investors and high quality micro and small cap companies. An issuer of reports that provide a straightforward assessment of the profiled company. They include stocks traded in the NYSE, NASDAQ, and OTCBB exchanges.
Safe Harbor Statement
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company refers interested persons to its most recent Annual Report on Form 10-K and its other SEC filings for a description of additional uncertainties and factors, which may affect forward-looking statements. The company assumes no duty to update its forward-looking statements.
Compliance Procedure
Content is researched, written and reviewed on a best-effort basis by a 3rd party research analyst. However, we are only human and may make mistakes. This report was prepared for informational purposes only. A full disclaimer can be found by viewing the full analyst report. We do not hold any positions and have not been compensated in any form for this press release and coinciding reports. For more information and services provided beyond this press release please use contact information provided below. If you notice any errors or omissions, please notify us.
Contact: editor@broadstreetalerts.com
SOURCE: Broad Street Alerts