James W. Collins Files Early Warning Report

MCALLEN, TX, Feb. 4, 2014 /CNW/ - James W. Collins of 900 East Lakeview Drive McAllen, Texas (the "Offeror") acquired through ANG Partners, Ltd. ("ANG"), beneficial ownership and control of 7,777,778 common shares (the "Common Shares") in the capital of Waldron Energy Corporation ("Waldron") at $0.45 per share for an aggregate gross proceeds of $3,500,000 on a private placement basis. On January 24, 2014, the Offeror, through Vanco Stock, Ltd., acquired beneficial ownership and control of 14,000 Common Shares over the Toronto Stock Exchange at a price of $0.28 per Common Share.

Upon the acquisition of the Common Shares, Collins beneficially owns and controls 7,791,778 Common Shares, representing approximately 13.6% of the issued and outstanding Common Shares.

The acquisition of securities in Waldron by the Offeror is for investment purposes.  The Offeror may from time to time dispose of, or acquire, additional securities of Waldron.  The Common Shares that were issued pursuant to the private placements were issued in reliance upon the accredited investor exemption in Section 2.3 National Instrument 45-106 - Prospectus and Registration Exemptions.

This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which Waldron is a reporting issuer containing information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear with Waldron's documents on the System for Electronic Document Analysis and Retrieval and may also be obtained by contacting Maggie Thompson on behalf of the Offeror at (956) 686-5491.

The Toronto Stock Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this press release.

SOURCE: James W. Collins

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