LRP V Luxembourg Holdings S.a r.l.

August 28, 2009 12:00 ET

LRP V Luxembourg Holdings S.a r.l. Announces Acquisition of an Additional 1,358,900 Common Shares of Xtreme Coil Drilling Corp.

CALGARY, ALBERTA--(Marketwire - Aug. 28, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

LRP V Luxembourg Holdings S.a r.l. ("LRP") announces that it has acquired an additional 1,358,900 common shares ("Purchased Shares") of Xtreme Coil Drilling Corp. ("XDC") at prices ranging from $4.45 per share to $4.50 per share pursuant to open market purchases through the facilities of the Toronto Stock Exchange (the "Acquisition"). The Purchased Shares represent approximately 2.57% of the outstanding common shares of XDC.

Following completion of the Acquisition, LRP holds 8,760,240 common shares representing approximately 16.58% of the outstanding common shares of XDC.

LRP acquired the Purchased Shares for investment purposes. LRP may in the future take such actions in respect of its shareholdings in XDC as it may deem appropriate in light of the circumstances then existing, including the purchase of additional shares or other securities of XDC through open market purchases or privately negotiated transactions, or the sale of all or a portion of its holdings in the open market or in privately negotiated transactions to one or more purchasers.

A copy of LRP's related early warning report filed with the applicable securities commissions and further information may be obtained by contacting Eric Vanderkerken or Hamish Hector Lawrence Ross, the Managers of LRP.

Contact Information

  • LRP V Luxembourg Holdings S.a r.l.
    Eric Vanderkerken
    Manager
    352 268 901
    352 268 901 69 (FAX)
    or
    LRP V Luxembourg Holdings S.a r.l.
    Hamish Hector Lawrence Ross
    Manager
    352 268 901
    352 268 901 69 (FAX)