TORONTO, Feb. 25 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that
it has acquired Class B Voting Shares (the "Class B Shares") of Sierra Vista
Energy Ltd. ("Sierra Vista"). As a result of the acquisition of such shares,
K2 owns 160,000 Class B Shares, representing approximately 13.68% of the
issued and outstanding Class B Shares of Sierra Vista.
The Class B Shares were purchased by K2 on the TSX Venture Exchange. K2
acquired the securities for investment purposes only and may, depending on
market and other conditions, increase or decrease its beneficial ownership,
control or direction over, or exercise its current rights to acquire, Class B
Shares or other securities of Sierra Vista through market transactions,
private agreements or otherwise.
For further information:
For further information: Dan Gosselin, The K2 Principal Fund L.P., (416)