Eureffect Asset Management B.V.

November 15, 2007 13:03 ET

Eureffect Asset Management B.V.: Early Warning Report

AMSTERDAM, NETHERLANDS--(Marketwire - Nov. 15, 2007) -

Eureffect Asset Management B.V. is issuing this press release pursuant to Section 111 of the Securities Act (British Columbia) and Section 176 of the Securities Act (Alberta) with respect to SKANA Capital Corp. ("SKANA").

Eureffect Asset Management B.V. ("Eureffect") has acquired 1,029,000 common shares of SKANA on November 7,2007 representing 2.03% of the issued and outstanding shares. Prior to this transaction, Eureffect held 4,630,000 common shares and 440,000 warrants, each warrant exerciseable for one common share at $2.00 per common share until December 22,2007, representing a total of 9.89% in the capital of SKANA.

Through this transaction Eureffect now holds 5,659,000 common shares and 440,000 warrants of SKANA, representing on aggregate 1 1.90% in the capital of SKANA.

About Eureffect Asset Management B.V.

Eureffect is an Amsterdam based independent, full-service asset management and investment advisory firm. Eureffect is licensed and regulated by the Netherlands Authority for the Financial Markets (AFM).

The TSX Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Eureffect Asset Management B.V.
    Frans Polet
    Compliance Officer
    +31 20 5306159