/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/
TORONTO, March 18 /CNW/ - CamCap Energy Offshore Master Fund, L.P. ("CEOMF") announced that it has acquired beneficial ownership of 12,121,212 common shares of Triangle Petroleum Corporation ("Triangle"). As a result, CEOMF now beneficially owns an aggregate of 12,121,212 common shares of Triangle, representing approximately 12.4% of the issued and outstanding common shares of Triangle.
The common shares of Triangle were acquired through a private placement of Triangle. CEOMF acquired beneficial ownership of the common shares for investment purposes only. Depending on market and other conditions, CEOMF may from time to time in the future increase or decrease its ownership, control or direction over, or exercise its current rights to acquire, the common shares or other securities of Triangle, through market transactions, private agreements or otherwise.
SOURCE CAMCAP ENERGY OFFSHORE MASTER FUND, L.P.
For further information: For further information: Karen A. Durante, CamCap Energy Offshore Master Fund, L.P., c/o CamCap Energy Partners, LLC, 45 Coolidge Point, Manchester, MA, 01944, Tel: (978) 526-7010, Fax: (978) 526-7080