PETRODORADO ENERGY LTD. ("PDQ") BULLETIN TYPE: Share Capital Reorganization BULLETIN DATE: April 4, 2016 TSX Venture Tier 2 Company
Pursuant to a Special Resolution passed by shareholders at Petrodorado Energy Ltd.'s (the "Company's") Annual General and Special Meeting of Shareholders held on January 27, 2016, a new class of shares of the Company ("New Shares"), to be designated as common shares, will be created and entitling the holder thereof to two votes per share and otherwise have the same rights privileges, restrictions and conditions as are attached to the Company's existing common shares ("Old Shares"). There will then be an exchange of each issued and outstanding Old Share for one New Share and one new class of preferred shares of the Company ("Preferred Share"). Each Preferred Share will then be immediately redeemed for a return of capital cash payment of CAD$0.42 per Preferred Share.
The New Shares will commence trading on the TSX Venture Exchange at the opening, Tuesday, April 5, 2016. The Company is classified as an 'oil and gas' company.
Post - Reorganization Capitalization: Unlimited New Shares with no par value of which 49,704,702 New Shares are issued and outstanding Escrowed Shares Nil New Shares
Transfer Agent: Equity Financial Trust Company
Trading Symbol: PDQ CUSIP Number: 71646V300 (new) ________________________________________
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