OKLAHOMA CITY, OK, June 6 /CNW/ - Dalea Partners LP ("Dalea") announced
today that on May 30, 2008, Dalea and certain parties that may be acting
jointly and in concert with Dalea acquired 19,630,000 common shares (the
"Acquired Shares") of TransAtlantic Petroleum Corp. ("TransAtlantic") at a
price of Cdn. $0.36 per Acquired Share. The Acquired Shares represent
approximately 25.08% of the 78,270,762 issued and outstanding common shares of
TransAtlantic immediately following the acquisition.
Dalea and such parties who may be joint actors now own 29,630,000 common
shares of TransAtlantic, representing approximately 37.86% of TransAtlantic's
issued and outstanding shares.
The acquisition of the Acquired Shares was undertaken as part of a
two-stage non-brokered private placement and was not conducted through the
facilities of any stock exchange. The Acquired Shares were acquired for
investment purposes. Dalea and joint actors may acquire additional common
shares of TransAtlantic, depending on market conditions and in compliance with
Dalea will be filing a report (as contemplated by National Instrument
62-103 The Early Warning System and Related Takeover Bid and Insider Reporting
Issues) in connection with the acquisition of the Acquired Shares.
Dalea Partners LP
4801 Gaillardia Parkway, Suite 225
Oklahoma City, Oklahoma 73142
For further information:
For further information: or to obtain a copy of such report, please
contact Mr. Matthew McCann at (405) 286-6324, ext. 1036