Lightstream Resources Ltd. LSTMF

Strange stuff

[ltrabs]

CALGARY, ALBERTA--(Marketwire - April 13, 2012) - Petrobank Energy and Resources Ltd. (TSX:PBG) announces that we have entered into a pre-defined plan (the "Plan") with a designated broker to allow for the repurchase of our common shares ("Shares") under our previously announced normal course issuer bid ("NCIB"). Petrobank's broker may repurchase Shares under the plan on any trading day during the NCIB, including during Petrobank's internal trading blackout periods, subject to certain trading parameters set forth in the Plan and to daily and aggregate trading limits pursuant to the rules and policies of the Toronto Stock Exchange, provided that the broker is not, at such times, in possession of undisclosed material information about the Company. The plan has been reviewed by the Toronto Stock Exchange and will terminate on the earlier of the termination of the plan by the Company in accordance with its terms, the purchase of the maximum number of Shares under the NCIB or the expiry of the NCIB on September 13, 2012. 

Petrobank has also filed Form 45-102F1 with applicable securities regulatory authorities indicating an intention to sell up to 6,027,401 class A shares ("PetroBakken Shares") of PetroBakken Energy Ltd. (TSX:PBN). As part of the Plan, the broker has been instructed to automatically sell one PetroBakken Share for each Petrobank Share purchased under the Plan.