CALGARY, Sept. 28 /CNW/ - ARC Equity Management (Fund 5) Ltd. (as the
general partner of ARC Energy Fund 5 Canadian Limited Partnership, ARC Energy
Fund 5 United States Limited Partnership and ARC Energy Fund 5 International
Limited Partnership, collectively "ARC Energy Fund 5") of Calgary, Alberta
announced today that it has acquired 2,998,623 common shares of Rock pursuant
to a subscription from treasury, representing approximately 11.6% of the Rock
ARC Energy Venture Fund 4 also acquired 2,565,383 Rock common shares
today, representing approximately 9.9% of the Rock common shares, as a result
of the closing of the plan of arrangement pursuant to which Rock acquired the
outstanding shares of Greenbank Energy Ltd.
ARC Energy Fund 5, together with ARC Energy Venture Fund 3 and ARC Energy
Venture Fund 4, now exercises control or direction over an aggregate of
6,829,234 common shares of Rock, representing approximately 26.5% of the
outstanding Rock common shares.
ARC Energy Fund 5 is an investment fund specializing in the energy
sector. Its general partner is ARC Equity Management (Fund 5) Ltd., of the ARC
Financial Group of companies. Although ARC Energy Fund 5 may make further
purchases of common shares of Rock through private purchases, such purchases
will be made for investment purposes.
This press release has been issued in order to comply with applicable
For further information:
For further information: or a copy of the securities report contact:
Lauchlan Currie, President, ARC Equity Management (Fund 5) Ltd., 4300, 400 -
3rd Avenue S.W., Calgary, Alberta, Telephone: (403) 292-0680, Fax: (403)