ParaFin Corporation, a Development Stage company, engages in the acquisition and exploration of Oil and Gas properties. The company was founded in 1978 and is based in Reno, Nevada. The potential of Hydrocarbon Concessions and other opportunities in the Oil & Gas industry have continued to be the focus of the Corporation from 1978 until the present. Effective March 30th, 2010, the Board of Directors of Parafin Corporation have authorized the President to negotiate the acquisition of Hydrocarbon Assets in North America.
Los Angeles, CA, April 22nd, 2010, ParaFin Corporation (Stock Symbol: PFNO.PK): PARAFIN CORPORATION announces that it has retained legal counsel for the early stages of negotiations with ING Bank NV regarding the redemption of the company’s financial holdings.