Odyssey Petroleum Corp.: News Release
April 27 2010 - 6:00PM
Marketwired
Odyssey Petroleum Corp. (TSX VENTURE: ODE)(FRANKFURT: YQN)
("Odyssey") announces that Odyssey Petroleum Corp. US its wholly
owned Mississippi subsidiary has filed under Chapter 11 of the
United States Bankruptcy Code for protection from its creditors, in
order to give the Company the time to work through its present
financial difficulties. Odyssey is currently in negotiations with
several parties to obtain funding to move the Company forward, as
well as deal with its present liabilities, contingent or otherwise.
ON BEHALF OF THE BOARD
Whitney Pansano, President & COO
Forward-Looking Statements:
Statements in this release that are forward-looking statements
are subject to various risks and uncertainties concerning the
specific factors identified in ODE's periodic filings with Canadian
and European Securities Regulators. Such forward-looking
information represents management's best judgment based on
information currently available. No forward-looking statement can
be guaranteed and actual future results may vary materially. ODE
does not assume the obligation to update any forward-looking
statement.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Odyssey Petroleum Corp. Whitney Pansano President
& COO (604) 718-2800 (604) 718-2808 (FAX)
pubco@odysseyexplorations.com
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