Brookfield Special Situations Partners Ltd.

December 14, 2009 16:12 ET

Brookfield Special Situations Partners Ltd. (Formerly Tricap Partners Ltd.) Early Warning Press Release

CALGARY, ALBERTA--(Marketwire - Dec. 14, 2009) -


Brookfield Special Situations Partners Ltd. and Brookfield Special Situations II L.P. (together, "Brookfield") announce they have acquired 116,006,089 common shares (the "Common Shares") of Central Alberta Well Services Corp. (the "Corporation") at a price of $0.25 per Common Share pursuant to the Corporation's previously announced rights offering. Following completion of the Rights Offering, Brookfield now owns 132,882,225 Common Shares representing 83.5% of the aggregate number of Common Shares which the Corporation has indicated are issued and outstanding.

Brookfield has acquired the Common Shares for investment purposes only. Brookfield intends to review, on a continuous basis, various factors related to its investment, including (but not limited to) the price and availability of the securities of the Corporation, subsequent developments affecting the Corporation or its business, and general market and economic conditions. Based upon these and other factors, Brookfield may decide to purchase additional securities of the Corporation or may decide in the future to sell all or part of its investment.

For additional information, or for a copy of the early warning report filed in respect of the above transaction, please contact:

Jim Reid
Brookfield Special Situations Partners Ltd.
Suite 1700, 335-8th Avenue SW
Calgary Alberta T2P 1C9
Tel: (403) 770-7215

NOTE: The statements in this press release concerning Brookfield's future intentions regarding Brookfield's investment in Central Alberta Well Services Corp. Common Shares and may contain forward-looking information and other "forward-looking statements", within the meaning of certain securities laws, including Section 27A of the Securities Act of 1933, as amended, Section 21 E of the Securities Exchange Act of 1934, as amended, "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. Forward looking statements are identified by words such as, but not limited to, "could", "may", and "will". Readers are cautioned that actual results may vary from the forward-looking information contained herein. We may make such statements in this release, in other filings with Canadian regulators or the SEC or in other communications. The reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors. 

When relying on our forward-looking statements to make decisions with respect to Brookfield, an affiliate of Brookfield Asset Management Inc. ("BAM"), investors and others should carefully consider the risks and factors detailed from time to time in BAM's form 40-F filed with the Securities and Exchange Commission as well as other documents filed by BAM with the securities regulators in Canada and the United States including in the Annual Information Form under the heading "Business Environment and Risks" and other uncertainties and potential events. The company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

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