TRAFINA Energy Ltd.

TRAFINA Energy Ltd.

November 29, 2007 15:32 ET

TRAFINA Board of Directors Forms Independent Committee

CALGARY, ALBERTA--(Marketwire - Nov. 29, 2007) - TRAFINA Energy Ltd. (TSX VENTURE:TFA.A) today announced that its Board has formed a committee comprised solely of independent directors to consider all strategic alternatives reasonably available to the Corporation (including the existing going concern plan) and report to the Board regarding the committee's findings. The committee is chaired by Thomas Holland and includes Donald Douglas and Russell Kalmacoff.

Readers are cautioned that there is no assurance that any change from the going concern plan will occur. The appointment of the committee does not indicate that the Board has determined to pursue a specific alternative, and the committee is not authorized at this time to pursue a sale or any other alternative on behalf of the Corporation.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • TRAFINA Energy Ltd.
    Roland T. Valentine
    Chairman & CEO
    (403) 263-0800
    (403) 263-0811 (FAX)