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