Rodinia Oil Corp. retains CIBC World Markets Inc. to assist in Strategic Review Process
September 17 2012 - 11:11PM
PR Newswire (Canada)
CALGARY, Sept. 18, 2012 /CNW/ - - Rodinia Oil Corp. ("Rodinia" or
"Corporation") is pleased to announce that it has retained CIBC
World Markets Inc. as its exclusive financial advisor to assist the
Board of Directors' Special Committee in exploring and evaluating a
range of strategic alternatives with the view to maximizing
shareholder value. Such strategic alternatives may include, but are
not limited to, a sale, farmout or joint venture of all or a
portion of the assets of the Corporation, a merger or other
business combination of the Corporation with another entity, a
recapitalization of the Corporation, a sale of the Corporation as a
whole or any combination thereof. Rodinia does not have a defined
timeline for the strategic review, and there can be no assurance
that the review will result in any specific action or transaction.
About Rodinia Oil Corp. Rodinia is engaged in the
exploration, acquisition and development of petroleum and natural
gas assets in Australia's Officer Basin. Rodinia's assets
include an 85% working interest in approximately 23,000,000 gross
acres of exploratory lands in South Australia and Western
Australia, along with 4,048 kilometres of seismic acquired and
processed by the Corporation, the results of two wells and a 15,300
kilometre aeromagnetic/aerogravity survey, all relating to this
exploratory acreage. Rodinia has no debt. Rodinia
has offices in Calgary, Alberta and Adelaide, South Australia. Its
common shares are listed for trading on the TSX Venture Exchange
under the symbol "ROZ". Forward-Looking Statements This press
release may contain forward-looking information that involves
substantial known and unknown risks and uncertainties, most of
which are beyond the control of Rodinia, including, without
limitation, statements pertaining to the potential timing and
results of the search for strategic alternatives and management's
future plans. All statements included herein, other than
statements of historical fact, are forward-looking information and
such information involves various risks and uncertainties.
There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ
materially from those anticipated in such information. A
description of assumptions used to develop such forward-looking
information and a description of risk factors that may cause actual
results to differ materially from forward-looking information can
be found in Rodinia's disclosure documents on the SEDAR website at
www.sedar.com. Any forward-looking statements are made as of
the date of this release and, other than as required by applicable
securities laws, Rodinia does not assume any obligation to update
or revise them to reflect new events or circumstances. 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. Rodinia Oil Corp. CONTACT: Rodinia Oil Corp.Suite 320, 715
5 Ave. SWCalgary, Alberta, Canada T2P 2X6Telephone: (403)
718-0366Toll Free: (877) 822-7280Fax: (403) 718-3888Email:
info@rodiniaoil.comWebsite:www.rodiniaoil.com
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