THE WOODLANDS, TX,
May 30, 2014 /CNW/ - Porto Energy
Corp., ("Porto" or the
"Company") (TSXV:PEC), today announced that, further to its
May 26, 2014 announcement relating to
the wind-down of its operations, each of the directors and officers
of Porto and its wholly owned
subsidiary, Mohave Oil and Gas Corporation, has resigned effective
immediately.
It is anticipated that trading in the common
shares of Porto will remain suspended by the TSXV, with the
eventual delisting of the Company from the TSXV in due course.
About Porto Energy Corp.
Porto Energy Corp. is an international oil and
gas company engaged in the exploration of crude oil and natural gas
in Portugal. Porto Energy's shares trade on the TSX Venture
Exchange under the ticker symbol "PEC". For more information on
Porto Energy visit www.portoenergy.com.
Cautionary Statements
This press release contains certain
forward-looking statements. These statements relate to future
events or the Company's future performance. All statements
other than statements of historical fact are forward-looking
statements. The use of any of the words "anticipate", "plan",
"continue", "estimate", "expect", "may", "will", "project",
"should", "believe", "predict" and "potential" and similar
expressions are intended to identify forward-looking
statements. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements. No assurance can be given that these
expectations will prove to be correct and such forward-looking
statements should not be unduly relied upon. These
forward-looking statements are made as of the date of this press
release and the Company does not undertake to update any
forward-looking statements that are contained in this press
release, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Porto Energy Corp.