Kroes Energy Inc. Corrects Date of Extension of Offer
15 Juli 2008 - 8:04PM
Marketwired Canada
Kroes Energy Inc. ("Kroes") (TSX VENTURE:KRS) today announced that the July 14
notice of extension of its offer to purchase all of the outstanding shares and
debenture of Vecta Energy Corporation ("Vecta") should have indicated the expiry
date of July 24, not July 23. The extended offer will now expire July 24, 2008
at 4:30 pm Mountain Daylight Time.
On May 29, 2008 Kroes offered to purchase all of the outstanding shares and
debenture of Vecta through the issue of approximately 36 million common shares
of Kroes. The Board of Directors of Vecta has unanimously recommended that its
shareholders accept the offer and to date 91% of Vecta shares have been
tendered. The extension will allow time for receipt of regulatory approval to
proceed with taking up the shares and closing the transaction.
A Notice of Extension will be mailed to Vecta securityholders, filed with
regulatory authorities and placed on the SEDAR website (www.SEDAR.com) under
Kroes' profile.
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