Crocotta Energy Inc.

Crocotta Energy Inc.

August 13, 2009 17:06 ET

Crocotta Energy Inc. Announces Closing of Acquisition

CALGARY, ALBERTA--(Marketwire - Aug. 13, 2009) - CROCOTTA ENERGY INC. (TSX:CTA) ("Crocotta") is pleased to announce that it has closed the previously announced (July 6, 2009 press release) acquisition of a private company, Salvo Energy Corporation ("Salvo"). The acquisition was completed by way of amalgamation (the "Amalgamation") under the Business Corporations Act (Alberta). The Amalgamation was approved at the special meeting of the holders (the "Salvo Shareholders") of common shares of Salvo on August 13, 2009. Salvo Shareholders voted 100% in favour of the Amalgamation. Post Amalgamation, Crocotta has approximately 63.9 million shares outstanding.

In addition, Crocotta is pleased to announce that Ms. Patricia Phillips, the former President and Chief Executive Officer of Salvo, has joined the board of directors of Crocotta.

Contact Information

  • Crocotta Energy Inc.
    Rob Zakresky
    President and Chief Executive Officer
    (403) 538-3736
    Crocotta Energy Inc.
    Nolan Chicoine
    Vice President, Finance and Chief Financial Officer
    (403) 538-3738
    Crocotta Energy Inc.
    700, 639 -5th Ave SW
    Calgary, Alberta T2P 0M9