Business & Finance
Business and Finance
Business and Finance
Thu, July 5, 2012
Wed, July 4, 2012 Ecosse Energy Announces Share Issuance-Early Warning Report
July 04, 2012 15:25 ET
Ecosse Energy Announces Share Issuance-Early Warning Report
TORONTO, ONTARIO--(Marketwire - July 4, 2012) - Ecosse Energy Corp. (CNSX:ECS) (the "Company"), a company focused on oil and gas exploration and production in Indonesia, announces that it has issued 2,731,000 common shares to its Chief Executive Officer, Alan W. Morrison at C$0.35 per share - in consideration of C$150,000 of loan repayment, and for past services to the Company, and to its operating subsidiaries in periods since 2010.
Alan W. Morrison now holds 11,000,000 common shares, representing 19.99% of the issued and outstanding common shares of the Company. An early warning report containing further detail has been filed at sedar.com.
About the Company
Ecosse Energy Corp. was incorporated under the Canada Business Corporations Act and is a reporting issuer in the Provinces of Alberta, British Columbia, Manitoba, and Ontario. Through its wholly owned subsidiary companies it owns 100% Working Interest and is the Operator of two Indonesian oil and gas Production Sharing Contracts - the Bengkulu PSC in South Sumatra and the Manokwari PSC in Papua province. The Bengkulu PSC covers 1,262 km2 (311,847 acres) and consists of both onshore and offshore portions. The Manokwari PSC is onshore and covers 1,298 km2 (320,742 acres).
Further information concerning the Company can be found at [ www.sedar.com ] and [ www.cnsx.ca ].
Neither the Canadian National Stock Exchange nor its regulation services provider nor the Alternative Investment Market on the London Stock Exchange accepts responsibility for the adequacy or accuracy of this release.
