/NOT FOR DISTRIBUTON TO U.S. NEWSWIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES/
CALGARY, Nov. 28, 2011 /CNW/ - SinoGas West Inc. ("SinoGas"), a capital
pool company listed on the TSX Venture Exchange (the "Exchange"),
confirms that the previously announced letter of intent with
Blackstairs Energy Plc dated August 26, 2011, as amended on September
30, 2011, has been terminated as certain of the conditions set forth in
the letter of intent have not been met.
Trading of SinoGas' shares was halted on August 29, 2011 in anticipation
of issuing a comprehensive news release in compliance with Exchange
Policy 2.4. The letter of intent was terminated by the parties on
November 28, 2011.
The Board of Directors of Sinogas will continue to actively seek
opportunities for a Qualifying Transaction as defined by the policies
of the Exchange.
SinoGas' shares are expected to resume trading on or about November 30,
SinoGas, a capital pool company within the meaning of the policies of
the Exchange, was incorporated December 21, 2007 and was listed on the
exchange on or about January 7, 2010. SinoGas does not have any
operations and has no assets other than cash. SinoGas' business is to
identify and evaluate businesses and assets with a view to completing a
qualifying transaction under the policies of the Exchange.
The TSX Venture Exchange has neither approved or disapproved the
contents of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE SinoGas West Inc.
For further information:
on SinoGas please see the corporate profile on SEDAR at www.sedar.com or contact:
Wise Wong, President and Chief Executive Officer
Facsimile: (403) 230-7878