VANCOUVER, Aug. 28, 2017 /CNW/ - PentaNova Energy Corp.
(the "Company") (TSXV: PNO), announces that Mr. Giustra,
director of the Company acquired 428,000 common shares of PentaNova
Energy Corp. in the public market representing 0.18% of the issued
and outstanding common shares of the Issuer.
As a result of the acquisition of securities described above,
the Company has been advised that Mr. Giustra and his related
entities now hold 17,642,913 common shares, representing 7.31% of
the issued and outstanding common shares of PentaNova Energy Corp.
and would own 24,881,663 common shares, representing 10% of the
then issued and outstanding shares of the Company on a partially
diluted basis, assuming the exercise of 5,238,750 warrants and
2,000,000 options held by Mr. Giustra and his related entities.
The Company has been advised that Mr. Giustra and his related
entities acquired these securities for investment purposes and as
disclosed in the Early Warning Report to be filed in conjunction
with this news release, may in the future acquire or dispose of
securities of the Company, through the market, privately or
otherwise, as circumstances or market conditions warrant.
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.
SOURCE PentaNova Energy Corp.