TriOil Resources Ltd TRIAF

RE: RE: RE: RE: RE: Massive trade after market

[shambano1]

 

 

PetroBakken buys 4.78 million shares of TriOil

2013-01-18 08:21 ET - News Release

 

Mr. John Wright reports

PETROBAKKEN ANNOUNCES SHARE POSITION IN JUNIOR OIL PRODUCER

PetroBakken Energy Ltd. has acquired 4,786,700 common shares of TriOil Resources Ltd. at an average price of $2.87 per share. These shares, which represent approximately 7.5 per cent of the issued and outstanding shares of TriOil, were acquired through the facilities of the CNSX Pure Trading exchange. As a result of this acquisition, PetroBakken now owns 11,050,330 common shares of TriOil, representing approximately 17.3 per cent of the total issued and outstanding common shares of TriOil as of the date hereof, on a non-diluted basis.

PetroBakken jointly owns lands, producing oil wells and facilities with TriOil in the Lochend area of its Cardium business unit. The company acquired the TriOil shares for investment purposes, and its holdings may be increased or decreased in the future, depending upon economic or market conditions or matters relating to TriOil.

An early warning report detailing this ownership position will be filed on the System for Electronic Document Analysis and Review and can be viewed at the SEDAR website.