News Release
Acquisition of Exxel SecuritiesQ Investments Ltd. (the "Company") announces that it has acquired, as a bonus under a loan transaction, ownership and control over 1,000,000 common shares of Exxel Energy Corp. ("Exxel") representing 11.05% of the currently issued and outstanding shares of Exxel. The securities so acquired represent the only voting or equity securities, or securities convertible into voting or equity securities, of Exxel owned by the Company or over which the Company exercises control or direction. The securities acquired will be held for investment purposes. The Company may, depending on market and other conditions, increase or decrease its beneficial ownership of Exxel's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities. This press release is issued pursuant to section 111 of the Securities Act (British Columbia) and section 176 of Securities Act (Alberta), which also require a report to be filed with the B.C. Securities Commission and the Alberta Securities Commission containing additional information with respect to the foregoing matters (the "Report"). To obtain a copy of the Report or for further information, contact Carolyn Laurin at (604) 669-1471. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. © 2007 Q Investments Ltd. (TSX: QI) - Please read our Disclaimer. |
TSX: QI
