/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/
TORONTO, Dec. 29 /CNW/ - CamCap Energy Offshore Master Fund, L.P. ("CEOMF") announced that it has acquired beneficial ownership of 1,818,180 common shares and 1,818,180 common share purchase warrants of PetroSands Resources (Canada) Inc. ("PetroSands"). As a result, CEOMF now beneficially owns an aggregate of 3,636,360 common shares of PetroSands, representing approximately 20.12% of the issued and outstanding common shares of PetroSands (assuming exercise of all the common share purchase warrants beneficially owned by CEOMF).
The common shares and common share purchase warrants of PetroSands were acquired through a private placement of PetroSands. CEOMF acquired beneficial ownership of the securities 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 PetroSands, through market transactions, private agreements or otherwise.
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