CALGARY, Feb. 5, 2016 /CNW/ - Markin Petroleums Ltd. ("Markin") announces that on July 9, 2015 it acquired 1,664,465 common shares (the "Shares") in the capital of Crown Capital Partners Inc. ("Crown"), representing approximately 17.5% of the then outstanding Shares. The 1,664,465 Shares were acquired at a deemed value of $11.00 per Share.
The acquisition was made for investment purposes. Subject to the regulatory limitations, Markin may acquire, dispose of or continue to hold the Shares in the normal course of its investment activities. As of the date hereof, Markin holds 1,556,465 Shares.
A copy of the report of acquisition filed by Markin in connection with this acquisition is available under Crown's issuer profile on the SEDAR website at www.sedar.com and can be obtained by contacting Mr. Markin at the number shown below.
SOURCE Markin Petroleums Ltd.
For further information: Markin Petroleums Ltd.: Allan Markin, Tel: 403-930-2150