VANCOUVER, June 26, 2019 /CNW/ - CruzSur Energy Corp.
(the "Company" or "CruzSur") (TSXV: CZR), is pleased
to announce the appointment of Ms. Marianella Bernal Parada as Chief Financial
Officer of the Company. The appointment follows the
resignation of Mr. Chris Reid as
Chief Financial Officer.
In conjunction with severance payment settlements with Mr. Reid
and another employee, the Company intends to issue an aggregate of
814,814 common shares at a price of $0.27 per share as partial severance settlements.
The Company has also terminated the Royalty Agreement between
Dexton International Ltd. and Patagonia Oil Corp. and have agreed
to issue 925,925 common shares at a price of $0.27 per share to Dexton International Ltd. as a
settlement for a $250,000 royalty
due, subject to TSX Venture Exchange approval.
The Board would like to thank Mr. Reid for his support and
contribution to the Company and wish him every success in his
future endeavors.
About CruzSur Energy Corp.
CruzSur Energy Corp. is a publicly traded E&P company
focused on proven oil & gas plays in Latin America. The Company holds a large
diversified portfolio of producing, development and unexploited
assets in Colombia and
Argentina where it will leverage
its amplitude of technical expertise and proven track record
building companies and creating value.
Complete reports and statements are available on SEDAR at
www.sedar.com and on the Company website www.cruzsur.energy.
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 CruzSur Energy Corp.