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BRIEF-Cruzsur Energy Appoints Marianella Bernal Parada As CFO

Published 2019-06-26, 07:53 p/m
BRIEF-Cruzsur Energy Appoints Marianella Bernal Parada As CFO
GASX
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June 26 (Reuters) - Cruzsur Energy Corp CZR.V :

* CRUZSUR ENERGY ANNOUNCES OFFICER APPOINTMENT AND SHARES FOR DEBT

* APPOINTS MARIANELLA BERNAL PARADA AS CHIEF FINANCIAL OFFICER OF COMPANY

* APPOINTMENT OF MARIANELLA BERNAL PARADA FOLLOWS RESIGNATION OF CHRIS REID AS CHIEF FINANCIAL OFFICER

* COMPANY HAS ALSO TERMINATED ROYALTY AGREEMENT BETWEEN DEXTON INTERNATIONAL LTD. AND PATAGONIA OIL CORP

* COMPANY INTENDS TO ISSUE AN AGGREGATE OF 814,814 COMMON SHARES AT A PRICE OF $0.27 PER SHARE AS PARTIAL SEVERANCE SETTLEMENTS

* PARTIAL SEVERANCE SETTLEMENTS IS IN CONJUNCTION WITH SEVERANCE PAYMENT SETTLEMENTS WITH REID AND ANOTHER EMPLOYEE

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