Platino Energy Corp. Announces Third Quarter Financial Results
15 Novembre 2013 - 2:10PM
Marketwired Canada
Platino Energy Corp. ("Platino" or the "Company") (TSX VENTURE:PZE) announces
the release of its unaudited consolidated financial results for the quarter
ended September 30, 2013, together with its management's discussion and
analysis, both of which will be made available on the Company's website at
www.platinoenergy.com and SEDAR at www.sedar.com.
SUMMARY OF THE THIRD QUARTER FINANCIAL RESULTS
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SELECTED FINANCIAL INFORMATION
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Three Months Nine Months
Ended Ended
September 30, September 30,
(US$000s, except shares and data per share) 2013 2013
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Net Loss (703) (4,091)
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Basic and diluted net loss per share ($0.01) ($0.06)
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Weighted average shares outstanding - Basic
and Diluted 68,278,611 68,492,164
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Expenditures on E&E Assets 10,252 17,505
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September 30, December 31,
As at, 2013 2012
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Cash and equivalents, and short term
investments 67,944 89,518
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Working capital surplus 59,512 79,268
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Long-term debt - -
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Total assets 138,798 141,574
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Common shares 68,492,164 67,942,164
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About Platino Energy
Platino is a Calgary, Alberta headquartered resource company engaged in the
exploration for, and the acquisition, development and production of hydrocarbons
in Colombia.
Advisory Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of
applicable securities laws. The use of the word "will" and similar expressions
is intended to identify forward-looking information concerning the Company's
future operations.
The forward-looking information in this news release is based on certain key
expectations and assumptions made by Platino. Although Platino believes that the
expectations and assumptions on which such forward-looking information is based
are reasonable, undue reliance should not be placed on the forward-looking
information because Platino can give no assurance that it will prove to be
correct. The forward-looking information in this news release is subject to
known and unknown risks and uncertainties and other factors which may cause
actual results to differ materially from those expressed or implied in the
forward-looking information. Such risks, uncertainties and factors include,
among others: internet service disruption. As a result of the foregoing, readers
should not place undue reliance on the forward-looking information contained in
this news release. Readers are cautioned that the foregoing list of factors is
not exhaustive. Additional information on other factors that could affect the
operations or financial results of Platino are included in the Listing
Application (Form 2B) of Platino filed with the TSX-V, which has been filed with
applicable securities regulatory authorities and may be accessed through the
SEDAR website www.sedar.com.
The forward-looking information contained in this news release is made as of the
date hereof and Platino undertakes no obligation to update publicly or revise
any forward-looking information, whether as a result of new information, future
events or otherwise, unless so required by applicable securities laws.
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
FOR FURTHER INFORMATION PLEASE CONTACT:
Platino Energy Corp. - Bogota
Tomas Villamil
President & Chief Executive Officer
+57(1)235-0007
Platino Energy Corp. - Bogota
Andres Cuenca L.
Controller & interim Chief Financial Officer
+57(1)235-0007
Platino Energy Corp. - Calgary
Tyler Rimbey
Vice President, Business Development
+1(403) 262-6046
www.platinoenergy.com
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