Black Marlin Energy Holdings Limited

March 26, 2010 20:00 ET

Acquisition of Shares of Black Marlin Energy Holdings Limited

CALGARY, ALBERTA--(Marketwire - March 26, 2010) - Further to disclosure requirements of applicable securities laws, RAKGAS International FZ reports that on March 18, 2010 it beneficially owned and controlled 39,780,401 common shares in the capital of Black Marlin Energy Limited ("BMEL"), the predecessor of Black Marlin Energy Holdings Limited (the "Corporation"), which completed a business transaction wherein the Corporation acquired all of the outstanding common shares of BMEL (the "Transaction"). 

Prior to the Transaction and the merger of BMEL with KCA Energy Limited, RAKGAS did not beneficially own or have control over any Common Shares of the Corporation. Upon completion of the Transaction and the amalgamation of BMEL with KCA Energy Limited, RAKGAS now beneficially owns and has control over 39,780,401 Common Shares representing 19.6% of the issued and outstanding common shares (the "Common Shares") of the Corporation.

RAKGAS is not acting jointly or in concert with any person in connection with the ownership or control of Common Shares of the Corporation. Presently, RAKGAS does not have any intention of acquiring any further securities of the Corporation, but may acquire ownership of or control over further securities of the Corporation in the future depending upon market circumstances. Such increase in ownership will depend on numerous conditions, including the price of the Common Shares and general market conditions.

Contact Information

  • RAKGAS International FZ
    P.O. Box 434, Ras Al Khaimah,
    Dubai, United Arab Emirates
    + 9717-2277555