WHITE PLAINS, NY, April 13 /CNW/ - Troob Capital Management LLC
announces that it has acquired control of 1,400,000 common shares of ("Common Shares") of IROC Energy Services Corp. (the "Corporation") by way of private placement on April 11, 2011 at a price of $1.40 per Common Share for aggregate consideration of $1,960,000. Troob
Capital Management LLC now owns, directly or indirectly, or exercises
control or direction over 5,664,103 Common Shares representing
approximately 11.36% of the issued and outstanding Common Shares.
Troob Capital Management LLC acquired the Common Shares on behalf of TCM
MPS Ltd. and TCM MPS Series Fund LP and had previously acquired Common
Shares on behalf of TCM Spectrum Fund LP. Troob Capital Management LLC
acquired the Common Shares for investment purposes and may, from time
to time on an individual or joint basis, acquire additional securities
of the Corporation, dispose of some or all of the existing or
additional securities it holds or will hold, or may continue to hold
its current position.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Troob Capital Management LLC
For further information:
FOR FURTHER INFORMATION OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED IN CONNECTION WITH THIS MATTER, PLEASE CONTACT:
William D. Finn, Chief Financial Officer
Troob Capital Management LLC
777 Westchester Avenue, Suite 203
White Plains, New York 10604
Phone: (914) 694-5777