Heritage Oil Announces Acquisition of Common Shares of PetroFrontier Corp.
LONDON, UNITED KINGDOM--(Marketwire - Dec. 18, 2012) -
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Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, today announces that the Company acquired 1,900,000 common shares ("Shares") of PetroFrontier Corp. ("PetroFrontier") representing 2.39% of the outstanding Shares. Together with Shares already held by Heritage, the Company now holds 15,860,467 Shares, representing approximately 19.98% of the outstanding Shares of PetroFrontier. Heritage also sold 2,311,767 previously acquired warrants.
The Shares were acquired through the facilities of the TSX Venture Exchange""""