Petro Rio S.A. ADR fka HRPTY

[DrillaHill]

Nelson Tanure VS Discovery Capital

Tanure purchase fight with Discovery Capital

According to the document of JG Petrochem, sent as a complaint to the Public Prosecutor , the Securities Commission ( CVM ) and the capital market regulator in Canada, Discovery allegedly received insider information from two directors appointed by it, François Moreau and Oscar Prieto . At the last board meeting in January, the two directors were questioned by competitors hold positions in companies of HRT, which would create a conflict of interest. The two directors have resigned from office, the same day as the other four independent directors have resigned.

I always thought Moreau & Prieto, installed by Discovery Capital, are not working in our interest, but only in Discovery Capitals interest.
Good that they are gone...

In another notification, JG Petrochem accuses Discovery have exceeded 20% of the shares, without notice to the market (which is mandatory as per the rules of the CVM), which would trigger a purchase offer on the roles of minority shareholders . The company attributes this Tanure information "to the market and the press," citing a statement published in the newsletter Reserved Report.

GLA