PentaNova Energy Corp. (the "Company") (TSXV: PNO), announces that, subject to the approval of the TSX Venture Exchange, it has agreed to settle $298,743.40 in outstanding indebtedness through the issuance of an aggregate of 746,858 common shares at a price of $ 0.40 per share. The Company is issuing shares for debt to preserve capital from the recent financing. The shares issued under the debt settlement will be subject to a hold period of four months and one day from the date of issuance.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Executive Chairman & Director;
PentaNova Energy Corp.
Tel: (604) 609-6110