News Release
Q Investments Ltd. Announces Acquisition of Exxel SecuritiesQ Investments Ltd. (the "Company") announces that it has acquired, through the exercise of its conversion right under its previously announced loan to Exxel Energy Corp. ("Exxel"), ownership and control over 1,000,000 common shares of Exxel representing 8.3% of the currently issued and outstanding shares of Exxel. As a result of the forgoing acquisition, the Company now owns 2,200,000 common shares of Exxel representing approximately 18.3% of the currently issued and outstanding shares of Exxel. 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 Exxelâs 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"). For further information contact Michael Price, President, at 44-20-7977-1268 or visit our website at www.qinvestmentsltd.com 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
