Pennine provides corporate update; PNN shares remain suspended

CALGARY (June 11, 2019)—Pennine Petroleum Corporation (PNN: TSX-V) (“Pennine” or “the Company”) is pleased to announce that it has posted on SEDAR Pennine’s Annual Financial Statements and Management Discussion and Analysis (MD&A) for the year ending December 31, 2018.

Additionally, the corresponding reports for the First Quarter ending March 31, 2019 have also been posted on SEDAR. The Alberta Securities Commission has revoked the Cease Trade Order (CTO) as the conditions of the CTO have been satisfied.

The Company issued a news release on May 6, 2019, announcing the signing of a Memorandum of Understanding (MOU) to undertake a business combination transaction with a private company. As this is a material transaction, trading of the Company’s shares will remain suspended at this time. A Competent Persons, third-party NI 51-101 engineering report is being compiled and the summary along with details of the transaction will be announced as they become determined.

Click here to see the full PDF document