Aztek Energy Ltd.

February 26, 2008 15:55 ET

Aztek Energy Ltd.: Press Release

CALGARY, ALBERTA--(Marketwire - Feb. 26, 2008) - AZTEK ENERGY LTD. ("AZTEK") (TSX VENTURE:AZK) reports that the reverse takeover of Aztek by Arch Energy Inc. ("Arch") previously announced on September 25, 2007 has been terminated by Arch. Aztek's board has determined to allocate Aztek's remaining liquid resources to satisfying Aztek's abandonment obligations. Aztek will concurrently continue to seek a merger and purchasers for its assets. Aztek will not put resources into preparation of audited financials or engineering reports until such time as it is satisfied with the progress of its abandonment program. The decision to allocate resources primarily to an abandonment program means that Aztek may not comply with its obligations as a reporting issuer. To the extent that Aztek does not satisfy its obligations as a reporting issuer, Aztek's shares may be halted or suspended from trading.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Aztek Energy Ltd.
    Ray Hodgkinson
    V.P. Engineering, C.O.O.
    (403) 265-1015 ext. 1