CALGARY, May 19 /CNW/ - Mr. Rick Quigley of Charlie Lake, British
Columbia announces he has indirectly sold 1,811,967 units of Petrowest
Energy Services Trust (the "Trust") (TSX: "PRW.UN") through a private
sale on April 14, 2011 at a price of $0.39 per unit.
Mr. Quigley now beneficially owns, controls or has direction over,
directly or indirectly, an aggregate of 6,688,215 units, representing
7.7% of the Trust's outstanding voting securities, not including any
units that may be issued pursuant to the exercise of warrants. In
addition, Mr. Quigley owns 760,238 warrants, each warrant entitling the
holder thereof to purchase one addition unit for $0.1879 per unit
expiring on June 29, 2011.
Depending on market and other conditions, Mr. Quigley may increase or
decrease his beneficial ownership, control or direction over the
units. At the present time, Mr. Quigley does not intend to acquire
ownership of, or control over, additional securities of the Trust.
SOURCE MR. RICK QUIGLEY
For further information:
Rick Quigley at 250-787-0254