Perisson Petroleum Corporation closed a non-brokered private placement of $7,307,100 with many investors. The Transaction has been approved by its shareholders at a special shareholders meeting which was held on November 27, 2012. The company announced the appointment of new members on the Board of Directors, now composed of seven directors, and in the Management team.

All of the current directors and officers of Perisson will cease their functions, except Mr. Marc Roberge who will remain director and Dominique St-Louis who will remain Chief Financial Officer with the resulting issuer Perisson. These changes are effective as of the Closing of the Transaction. Chien-Yeh (Gary) Chen joins the Board of Directors and becomes Chairman of the Board of Directors and CEO; Michael Curtis joins the Board of Directors and becomes President; Robert Desjardins joins the Board of Directors; Xi Manhong joins the Board of Directors; Jinbao Liu joins the Board of Directors; Serge Racine joins the Board of Directors; and Marc Roberge remains director of the corporation.