DKR Saturn Management L.P.

March 03, 2005 15:55 ET

DKR Saturn Management L.P./Eastshore Energy Ltd.-Announcement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DKR SATURN MANAGEMENT L.P.

MARCH 3, 2005 - 15:55 ET

DKR Saturn Management L.P./Eastshore Energy
Ltd.-Announcement

NEW YORK, NEW YORK--(CCNMatthews - March 3, 2005) - DKR Saturn
Management L.P. ("DKR") announced that certain investment funds (the
"Funds") managed by DKR have acquired an aggregate of 2,660,000 Class A
shares of Eastshore Energy Ltd. (the "Company"), representing
approximately 11.6% of the issued and outstanding Class A shares. The
shares were acquired pursuant to a private placement.

The shares were acquired for investment purposes only and not with the
purpose of influencing the control or direction of the Company. The
Funds may, subject to market conditions, make additional investments in
or dispositions of securities of the Company in the future.

DKR is located at 909 Third Avenue, Suite 2958, New York, New York 10022.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    DKR Saturn Management L.P.
    Katherine C. Kym
    203.324.8482