Crocotta Energy Inc.

Crocotta Energy Inc.

February 24, 2011 16:47 ET

Acquisition of Securities of Crocotta Energy Inc.

CALGARY, ALBERTA--(Marketwire - Feb. 24, 2011) - JOG Limited Partnership No. IV (the "Fund") announces that on February 23, 2011, it acquired an aggregate of 4,400,000 common shares of Crocotta Energy Inc. ("Crocotta") (TSX:CTA) at a price of $2.30 per common share. The common shares were purchased under a short form prospectus of Crocotta dated February 16, 2011. These shares represented approximately 5.45% of the outstanding common shares of Crocotta. Together with common shares previously held by JOG Limited Partnership No. III ("JOG LP III"), an entity under common management with the Fund, the Fund and JOG LP III hold an aggregate of 18,698,895 common shares of Crocotta, representing approximately 23.15% of the outstanding common shares.

The Fund acquired the securities for investment purposes only and may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over, or exercise his rights to acquire common shares through market transactions, private agreements or otherwise.

The Fund is filing an early warning report on SEDAR, which will be available for review on Crocotta's profile on the SEDAR website at A copy of the early warning report can also be obtained from the contact below.

Contact Information

  • JOG Capital Inc.
    Michelle Gramatke