VANCOUVER, BRITISH COLUMBIA – January 16, 2017 – (TSX-V: PTV) Petro Vista Energy Corp. (“Petro Vista” or the “Company”) announces, further to its News Release of December 9, 2016, the completion of the sale of its wholly owned Brazilian subsidiary, Petro Vista Energy Petróleo do Brasil Ltda. (“PVEB”), to Maha Energy AB (“Maha”) and the release of the purchase consideration to the Company.
Petro Vista is now a shell company and it is expected that its shares will be suspended from trading on the TSX Venture Exchange and will be moved to the NEX board of the TSX Venture Exchange.
ON BEHALF OF PETRO VISTA ENERGY CORP.
Chairman of the Board of Directors
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.
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