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Platina announces EXTENSION OF $.50 AND $1.00 RULE 144 WARRANTS
Wednesday June 27, 5:30 pm (EST)
CHEYENNE, WY., -- Platina Energy Group, Inc. (OTC Bulletin Board: PLTG - News) and (Symbol DGB: 05Y - FRA), is pleased to announce the 30 day extension to exercise certain outstanding 144 warrants. As of this date there are 1,425,000 Class A RULE 144 warrants exercisable at $.50 and 1,425,000 Class B RULE 144 warrants exercisable at $1.00. The directors of Platina have granted this short extension to enable rule 144 warrant holders to potentially exercise their warrants in light of recent Corporate progress. Shares issued upon exercise of these warrants will be restricted and subject to the provisions of SEC rule 144. If exercised, these warrants would increase the Company treasury by an additional $2,137,500.
About Platina: Platina is an E & P company that owns several oil and gas prospects in North America. The Company is currently in production in addition to owning considerable proven reserves for which it is in the process of obtaining drilling permits. As an E & P company, Platina is uniquely positioned because it also owns rights to a German inspired, proprietary oil recovery technology that allows the cost effective recovery of huge, untapped reserves that exist through out the world.
Contact: Platina Energy Group, Inc. (OTCBB: PLTG.OB) (DRB: 05Y ? FRA) Phone: 307-637-3900 InvestorRelations@platinagroup.com
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