Donald R. Seaman

April 28, 2010 18:52 ET

CCR Technologies Ltd.: Private Sale of Shares by Director and Control Person

CALGARY, ALBERTA--(Marketwire - April 28, 2010) - CCR Technologies Ltd. (CNSX:CRL) ("CCR" or the "Corporation") and Donald R. Seaman, a director and control person of the Corporation jointly announce that, for estate planning purposes, Mr. Seaman has sold, directly and indirectly, by way of exempt private placement pursuant to applicable prospectus exemptions, a total of 23,805,076 common shares of the Corporation (representing 27.3% of the issued and outstanding common shares of the Corporation) at a purchase price of $.0025 per common share to certain immediate members of his family, none of whom are insiders of the Corporation. The purchasers, each of whom individually hold less than 10% of the issued and outstanding common shares of the Corporation do not act jointly or in concert. The common shares purchased by each of the purchasers are subject to a four month hold period that expires on August 28, 2010. 

CCR Technologies purifies process chemicals and sweetens sour gas through the use of proprietary patented separation technologies. The Corporation provides environmental and economic benefits to the upstream and downstream oil and gas industries, and is also pursuing new separation business opportunities in other industries and international markets.

Contact Information

  • CCR Technologies Ltd.
    Peter D. Graham
    President and Chief Executive Officer
    (403) 543-6699