L. Brian Timmerman Acquires Shares of Ironhorse Oil & Gas Inc.

CALGARY, July 11, 2016 /CNW/ - L. Brian Timmerman (the "Acquiror") announces today that on July 8, 2016 he acquired 579,000 common shares (the "Acquired Shares") in the capital of Ironhorse Oil & Gas Inc. (TSXV:IOG) having a head office located at 1000, 324 - 8th Street SW, Calgary, Alberta T2P 2Z2 ("Ironhorse"), representing approximately 2.08% of the issued and outstanding common shares of Ironhorse ("Ironhorse Shares"). Immediately after the acquisition, the Acquiror, beneficially owns and controls, directly or indirectly, 3,806,000 Ironhorse Shares, representing approximately 13.65% of the issued and outstanding Ironhorse Shares. Immediately prior to the acquisition of the Acquired Shares, the Acquiror, together with Timmerman Trust, a joint actor of the Acquiror, beneficially owned and controlled 3,227,000 Ironhorse Shares, representing approximately 11.57% of the outstanding Ironhorse Shares.

The Acquired Shares were purchased by the Acquiror through the facilities of the TSX Venture Exchange at prices ranging from $0.070 to $0.075 per Acquired Share, with an average price per Acquired Share of approximately $0.07068 or an aggregate purchase price of $40,925.

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 Ironhorse 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 Ironhorse's documents on SEDAR at www.sedar.com.

SOURCE L. Brian Timmerman

For further information: including provision of a copy of the Early Warning Report upon request: L. Brian Timmerman, c/o Bennett Jones LLP, 4500, 855 2 St S.W., Calgary, Alberta T2P 4K7, Attention: Kelly R. Ford (403-298-3364)

Organization Profile

L. Brian Timmerman

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890