Brompton Financial Limited

Peter A. Braaten

January 08, 2007 20:25 ET

BFL Reports Change in Control

TORONTO, ONTARIO--(CCNMatthews - Jan. 8, 2007) - As a result of a corporate reorganization effective December 29, 2006 Peter A. Braaten no longer controls Brompton Financial Limited ("BFL") and in accordance with applicable securities regulatory requirements, Mr. Braaten and BFL report as follows:

After the reorganization, Mr. Braaten beneficially owns or controls 1,729,991 common shares and $233,000 debentures convertible into 150,285 common shares of Welton Energy Corporation representing approximately 4.1% of the common shares currently outstanding and approximately 4.5% assuming only Mr. Braaten converts debentures into common shares.

After the reorganization, Brompton Financial Limited owns 6,263,284 common shares and $3,250,000 debentures convertible into 2,096,250 common shares of Welton Energy Corporation representing approximately 14.9% of the common shares currently outstanding and approximately 19% assuming only BFL converts debentures into common shares.

Both Mr. Braaten and BFL may acquire or dispose of common shares or debentures from time to time.

Please contact Kathryn Banner at 416 642-6005 to obtain a copy of the report filed by BFL and Mr. Braaten.

Contact Information

  • Brompton Financial Limited
    Kathryn Banner
    (416) 642-6005