Ithaca Energy Inc.
TSX VENTURE : IAE
AIM : IAE

Ithaca Energy Inc.

September 24, 2010 08:14 ET

Ithaca Energy Inc.: Director Shareholdings

LONDON, UNITED KINGDOM and CALGARY, ALBERTA--(Marketwire - Sept. 24, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Ithaca Energy Inc. (TSX VENTURE:IAE)(AIM:IAE) has been notified that on September 23, 2010 Jack Lee, a Director of the Company, acquired 85,000 common shares in the Company ('Ordinary Shares') at a price of CAD $1.77 – $1.78 per share. Also, between September 9 – 20, 2010 Ron Brenneman, a director of the Company, acquired 30,000 Ordinary Shares as follows:

Date Number of shares purchased Price
September 9, 2010 10,000 CAD $1.80
September 14, 2010 1,000 CAD $1.80
September 15, 2010 9,000 CAD $1.83
September 20, 2010 10,000 CAD $1.70

Following this acquisition, Jack Lee is interested (beneficially owns) in a total of 700,000 Ordinary Shares, representing approximately 0.27 per cent of the issued share capital of the Company. Ron Brenneman is interested in (beneficially owns) a total of 60,000 Ordinary Shares, representing approximately 0.02 per cent of the issued share capital of the Company.

Neither the TSX Venture Exchange nor its Regulatory Service Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information