Rick Quigley

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

Organization Profile

MR. RICK QUIGLEY

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