Exploration Capital Partners Limited Partnership

October 26, 2005 14:35 ET

Exploration Capital Partners Limited Partnership Acquires Securities of Doublestar Resources Ltd.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 26, 2005) - Exploration Capital Partners Limited Partnership ("Exploration") announces that it has acquired beneficial ownership of an additional 500,000 Class "A" shares and 500,000 Class "A" share purchase warrants in the capital of Doublestar Resources Ltd. (the "Offeree Issuer"). Accordingly, it now has ownership and control over 2,408,064 Class "A" shares and 1,668,064 immediately exercisable warrants in the capital of the Offeree Issuer, which, assuming exercise of all of the warrants owned by Exploration, represents an aggregate of 11.6% of the issued and outstanding Class "A" shares of the Offeree Issuer.

Exploration acquired the shares and warrants for investment purposes only. It is Exploration's intention to evaluate the investment in the Offeree Issuer and to increase or decrease its shareholdings as circumstances require.

Exploration has filed an Early Warning Report with the British Columbia, Ontario, Quebec and Alberta Securities Commissions in respect of the shares and warrants acquired. A copy of the report may be obtained from SEDAR (www.sedar.com) or without charge from Exploration.


Contact Information

  • Exploration Capital Partners Limited Partnership
    Gretchen Carter
    (800) 611-0827