Tricap Partners Ltd. Acquires Common Shares of Insignia Energy Ltd.
21 Juli 2009 - 12:45AM
Marketwired
Tricap Partners Ltd. ("Tricap") announced today that it has
acquired 3,676,470 common shares of Insignia Energy Ltd. (TSXV,
Symbol "ISN") (the "Corporation") and concurrently surrendered an
equivalent number of special voting shares of the Corporation
pursuant to the terms of an equity commitment agreement entered
into on July 31, 2008.
As a result of this transaction, Tricap holds 11,293,128 Common
Shares of the Corporation, representing 69.3% of the currently
issued and outstanding Common Shares.
Tricap has acquired the Common Shares for investment purposes
only. Tricap intends to review, on a continuous basis, various
factors related to its investment, including (but not limited to)
the price and availability of the securities of the Corporation,
subsequent developments affecting the Corporation or its business,
and general market and economic conditions. Based upon these and
other factors, Tricap may decide to purchase additional securities
of the Corporation or may decide in the future to sell all or part
of its investment.
For additional information, or for a copy of the early warning
report filed in respect of the above transaction, please
contact:
Jim Reid
Tricap Partners Ltd.
Suite 1700, 335-8th Avenue SW
Calgary Alberta T2P 1C9
tel: (403) 770-7215
Tricap Partners Ltd. was established by Brookfield Asset
Management to provide a source of patient, long-term capital and
strategic assistance to mid-market companies based in North
America. With strong industry and financial management expertise,
Tricap is well positioned to assist companies in building value
over the long term.
NOTE: This press release contains forward-looking information
and other "forward-looking statements" within the meaning of
certain securities laws including Section 27A of the Securities Act
of 1933, as amended, Section 21E of the Securities Exchange Act of
1934, as amended, the "safe harbour" provisions of the United
States Private Securities Litigation Reform Act of 1995 and in any
applicable Canadian securities regulations. The words "will" and
"expected" and other expressions which are predictions of or
indicate future events, trends or prospects and which do not relate
to historical matters identify forward-looking statements. Although
Tricap believes that the anticipated actions expressed or implied
by the forward-looking statements and information are based upon
reasonable assumptions and expectations, the reader should not
place undue reliance on forward-looking statements and information
because they involve known and unknown risks, uncertainties and
other factors which may cause the actual outcome to differ
materially from anticipated future results, performance or
achievement expressed or implied by such forward-looking statements
and information. Factors that could cause actual results to differ
materially from those contemplated or implied by forward-looking
statements include: economic and financial conditions; the
behaviour of financial markets including fluctuations in interest
and exchange rates. We caution that the foregoing list of important
factors that may affect future results is not exhaustive. The
company undertakes no obligation to publicly update or revise any
forward-looking statements or information, whether written or oral,
that may be as a result of new information, future events or
otherwise.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this
news release.
Contacts: Tricap Partners Ltd. Jim Reid (403) 770-7215
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