Mondial Ventures, Inc. Reports 47% Decrease In Issued Share Capital
Structure
SCOTTSDALE, Ariz., Nov. 9, 2012 /PRNewswire/ -- Mondial Ventures
Inc. (OTCBB: MNVN) reported today that the Company's share capital
has been reduced from 100,000,000 to 53,000,000 common shares
issued and outstanding. This reduction represents a decrease of
47,000,000 or 47% of the original issued and outstanding common
shares of the Company.
The reduction in share capital is a result of 71,000,000 common
shares being cancelled from previous shareholders subsequent to the
Company's first Oil and Gas property acquisition which was
announced on August 2, 2012. The
acquisition including assignments and fees was settled by way of
the issuance of 19,000,000 newly issued common shares. A further
5,000,000 shares were issued for the appointment of executive
management. As a result, the new reported share structure of the
Company currently sits at 53,000,000 shares outstanding.
About Mondial Ventures Inc.
Mondial Ventures, Inc. is Oil and Gas Producer engaged in the
acquisition of Oil and Gas properties and assets that can be
developed into revenue producing assets. The Company has put an
emphasis on acquiring existing Oil fields with proven reserves or
by the rehabilitation of oilfields with potentially high
throughput. Production has commenced on the Company's first
acquisition and the Company has recently announced its second
acquisition with drilling targets located in the Barnett shale
formation. All properties are located in Texas.
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of Mondial Ventures Inc., its directors or its
officers with respect to, among other things: (i) financing plans;
(ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words
"may," "would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond Mondial Ventures Inc.'s
ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors. More information about the potential factors
that could affect the business and financial results is and will be
included in Mondial Ventures Inc.'s filings with the Securities and
Exchange Commission.
CAUTIONARY NOTE TO UNITED
STATES INVESTORS
The United States Securities and Exchange Commission permits oil
and gas companies, in their filings with the SEC, to disclose only
proved reserves that a company has demonstrated by actual
production or conclusive formation tests to be economically and
legally producible under existing economic and operating
conditions. We use certain terms, such as prospective resource or
Original Oil in Place (OOIP) or Petroleum Initially In Place
(PIIP), that the SEC's guidelines strictly prohibit us from
including in filings with the SEC. U.S. Investors are urged to
consider closely the disclosure in our Form 10K. Additional
information may be found at the following web site:
http://www.sec.gov/divisions/corpfin/guidance/cfoilgasinterps.htm
Public Relations and Shareholder Information
Joseph Vazquez
754-204-4549 or
Email: infinityglobalconsulting@gmail.com
SOURCE Mondial Ventures, Inc.