Rodinia Oil Corp. Announces Statement Concerning Share Price Movement
February 13 2012 - 12:15PM
PR Newswire (Canada)
CALGARY, Feb. 15, 2012 /CNW/ - - Following today's trading halt by
Investment Industry Regulatory Organization of Canada ("IIROC"),
Rodinia Oil Corp. ("Rodinia") confirms that it is unaware of any
undisclosed material changes pertaining to Rodinia that would
account for the recent increase in market activity and the rise in
its share price on the TSX Venture Exchange. Rodinia currently has
working capital of approximately $6.0 - $10.0 million (inclusive of
its current investment in PetroFrontier ), depending on the outcome
of its ongoing joint venture dispute resolution process. Rodinia's
ability to finance its future operations is dependent upon its
ability to obtain new sources of financing. About Rodinia Oil Corp.
Rodinia is an international oil and gas exploration
corporation. The Common Shares and Warrants are listed for
trading on the TSX Venture Exchange under the symbols "ROZ" and
"ROZ.WT" respectively. Rodinia is engaged in the exploration,
acquisition and development of petroleum and natural gas assets in
Australia's Officer Basin. Founded in 2006, Rodinia has access to
large tracts of exploratory lands and is one of the first companies
to undertake exploration in the Officer Basin. Rodinia has offices
in Calgary, Alberta and Adelaide, South Australia. Forward-Looking
Statements This press release may contain forward-looking
information that involves substantial known and unknown risks and
uncertainties, most of which are beyond the control of Rodinia,
including, without limitation, statements pertaining to Rodinia's
future operations and sources of capital. All statements
included herein, other than statements of historical fact, are
forward-looking information and such information involves various
risks and uncertainties. There can be no assurance that such
information will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such information. A description of assumptions used to
develop such forward-looking information and a description of risk
factors that may cause actual results to differ materially from
forward-looking information can be found in Rodinia's disclosure
documents on the SEDAR website at www.sedar.com. Any
forward-looking statements are made as of the date of this release
and, other than as required by applicable securities laws, Rodinia
does not assume any obligation to update or revise them to reflect
new events or circumstances. Neither the 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. Rodinia Oil Corp.
CONTACT: Rodinia Oil Corp.Suite 320, 715 - 5 Ave. S.W.Calgary,
Alberta, Canada T2P 2X6Telephone: (403) 718-0366Toll Free: (877)
822-7280Fax: (403) 718-3888Email: info@rodiniaoil.comWebsite:
www.rodiniaoil.com
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