CALGARY, April 19 /CNW/ - The Absolute Resource Company L.P.
("Absolute") announces that is has ownership and control of 3,370,000
Class A common shares ("Common Shares") of Trafina Energy Ltd. (the
"Corporation") representing approximately 11% of the issued and
outstanding Common Shares. 3,170,000 Common Shares were acquired on
November 30, 2010 pursuant to a private placement of units (which units
also included 3,170,000 share purchase warrants) and an aggregate of
200,000 Common Shares were acquired on April 6, 2011 and April 7, 2011
pursuant to market purchases through the facilities of the TSX Venture
Exchange. The Common Shares were acquired for aggregate cash
consideration of approximately $951,000 (private placement) and $72,018
(market purchases). The warrants acquired pursuant to the private
placement originally expired on November 30, 2012, however the
expiration date of such warrants was accelerated pursuant to their
terms and expired on April 15, 2011 unexercised.
The securities of Trafina were purchased by Absolute for investment
purposes. Subject to market conditions and its ongoing evaluation of
its investment in Trafina, Absolute, by its investment manager and
portfolio manager Mackie Research Capital Corporation, may make
additional investments in or dispositions of securities of Trafina,
including additional purchases or sales of Common Shares or share
purchase warrants, as applicable.
SOURCE The Absolute Resource Company L.P.
For further information:
For a copy of the early warning report to be filed in respect of the above transaction, please refer to the SEDAR profile of Trafina or contact:
The Absolute Resource Company L.P.
by its Investment Manager and Portfolio Manager
Mackie Research Capital Corporation
1550, 335-8th Avenue SW
Calgary, Alberta T2P 1C9