Todd Montgomery

December 24, 2009 13:14 ET

Todd Montgomery: Press Release

CALGARY, ALBERTA--(Marketwire - Dec. 24, 2009) - Todd Montgomery ("Montgomery") advises that on December 22, 2009 he indirectly acquired ownership of 8,000,000 common shares of Traxion Energy Inc. (the "Issuer") for aggregate cash consideration of $600,000. The common shares were purchased by Montgomery in connection with a larger private placement of common shares completed by the Issuer.

Montgomery now owns and controls, directly or indirectly, 10,916,666 common shares of the Issuer, representing approximately 14.34% of the Issuer's issued and outstanding common shares.

This acquisition was made for investment purposes and Montgomery may from time to time increase or decrease its investments in the Issuer depending on market conditions or any other relevant factor.

Contact Information

  • Todd Montgomery
    Suite 2, 880 - 16th Avenue SW
    Calgary, Alberta T2R 1J9