VANCOUVER, Nov. 30, 2017 /CNW/ - PentaNova Energy Corp.
(the "Company") (TSXV: PNO), announces that Mr. Giustra,
directly and indirectly acquired a cumulative amount of 6,669,500
common shares of PentaNova Energy Corp. through purchases in the
public market.
As a result of the acquisition of securities described above,
the Company has been advised that Mr. Giustra and his related
entities now hold 24,312,413 common shares, representing 10.04% of
the issued and outstanding common shares of PentaNova Energy Corp.
and would own 31,551,163 common shares, representing 12.65% 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.