/NOT FOR DISSEMINATION BY STOCKWATCH/
CALGARY, March 14 /CNW/ - Blackpool Exploration Ltd. ("Blackpool"), an
oil and gas company listed on the TSX Venture Exchange ("TSXV"), and Westbow
Energy Inc. ("Westbow"), also an oil and gas company listed on the TSXV, are
pleased to announce that at special meetings of their respective shareholders
held on March 12, 2008, the shareholders approved the amalgamation of Westbow
and Blackpool as disclosed in the Joint Management Proxy and Information
Circular of Blackpool and Westbow dated February 6, 2008 (the "Information
Circular"), a copy of which has been filed on SEDAR under each company's
profile. Furthermore, the shareholders of both Blackpool and Westbow approved
the proposed stock option plan for the amalgamated corporation as disclosed in
the Information Circular.
Subject to final approval from the TSXV, it is anticipated that the
Articles of Amalgamation will be filed with Alberta Corporate Registry
effective March 31, 2008. The amalgamated corporation will be known as Western
Canada Energy Ltd. and its shares are expected to commence trading with the
symbol "WCE" shortly thereafter on the TSXV.
The TSX Venture Exchange has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the
contents of this news release.
For further information:
For further information: Westbow Energy Inc., Daniel P. O'Neill,
President & CEO, Telephone: (403) 269-1995; Blackpool Exploration Ltd., Ronald
W. Shepherd, President, Telephone: (403) 266-0955