CALGARY, Jan. 31 /CNW/ - Aston Hill Financial Inc. ("Aston Hill")
(TSXV: AHF) and Sword Energy Inc. ("Sword") are pleased to announce that Sword
has entered into an Arrangement Agreement to purchase all outstanding shares
of a Calgary based private oil and gas exploration and production company, for
an undisclosed amount.
Sword is a private oil and gas company managed by Aston Hill, whose
shareholders include Canadian pension plans and a Canadian pension fund
manager. As a result of this transaction, Sword will be producing over
9,000 BOE/d of oil and natural gas in Western Canada in a growth vehicle that
is tailored for tax exempt investors. Aston Hill has agreed to participate in
this transaction by investing $1.815 million in Sword to maintain its 2.42%
interest alongside its investors.
The transaction will increase Aston Hill's Assets Under Management
("AUM") to approximately $625 million. The transaction is scheduled to close
on or about February 11, 2008.
Aston Hill Financial Inc. is an investment manager with expertise in oil
and gas property management, diversified income products, oil and gas
portfolio management and private equity.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: Eric Tremblay, Chief Executive Officer, Aston
Hill Financial Inc., (403) 770-4817; Larry Titley, Vice President and CFO,
Aston Hill Financial Inc., (403) 770-4808