The Absolute Resource Company L.P. acquires additional interest in Trafina Energy Ltd.

CALGARY, April 28 /CNW/ - The Absolute Resource Company L.P. ("Absolute") announces that is has acquired ownership and control of 3,429,500 units ("Units") of Trafina Energy Ltd. (the "Trafina"), comprised of 3,429,500 Class A common shares ("Common Shares") of Trafina and 3,429,500 Common Share purchase warrants ("Warrants") at a price of $0.35 per Unit pursuant to a public offering (the "Offering") on April 21, 2011.  Each Warrant issued pursuant to the Offering will entitle the holder thereof to acquire one Common Share at a price of $0.45 per share on or before October 21, 2012.  Immediately following the Offering, Absolute had direct ownership and control of 6,799,500 Common Shares which represents approximately 12% of the issued and outstanding Common Shares.  Assuming the exercise of all of the Warrants issued by Trafina pursuant to the Offering, Absolute would have direct ownership  of 10,229,000 Common Shares which would represent approximately 13% of the then issued and outstanding Common Shares.  The Units acquired by Absolute pursuant to the Offering were purchased for an aggregate cash consideration of $1,200,325.

The securities of Trafina were purchased by Absolute for investment purposes. Subject to market conditions and its ongoing evaluation of its investment in Trafina, Absolute, by its investment manager and portfolio manager Mackie Research Capital Corporation, may make additional investments in or dispositions of securities of Trafina, including additional purchases or sales of Common Shares or share purchase warrants, as applicable.

For a copy of the early warning report to be filed in respect of the above transaction, please refer to the SEDAR profile of Trafina or contact:

SOURCE The Absolute Resource Company L.P.

For further information:

The Absolute Resource Company L.P.
by its Investment Manager and Portfolio Manager
Mackie Research Capital Corporation
Tricia Leadbeater
1550, 335-8th Avenue SW
Calgary, Alberta T2P 1C9

Profil de l'entreprise

The Absolute Resource Company L.P.

Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.