JOG Capital Inc.

November 27, 2006 19:41 ET

JOG Acquires 41.3 Million Shares of Donner Petroleum Ltd.

CALGARY, ALBERTA--(CCNMatthews - Nov. 27, 2006) - JOG Capital Inc. (as the general partner of JOG Limited Partnership No. III) of Calgary, Alberta acquired 41,283,783 common shares of Donner Petroleum Ltd. as part of a private placement which closed November 24, 2006, representing approximately 13.2% of the current outstanding Donner common shares. JOG Limited Partnership No. III also obtained the right to acquire an additional 41,283,783 common shares (the "Acquisition Right"). As a result, JOG Limited Partnership No. III now exercises control or direction over an aggregate of approximately 41.3 million common shares of Donner, representing approximately 13.2% of the current outstanding Donner common shares, or 23.3% assuming the Acquisition Right is exercised.

This purchase of common shares by JOG Limited Partnership No. III is, and any further purchases of common shares of Donner will be, made for investment purposes.


Contact Information

  • JOG Capital Inc.
    Don Cowie
    President
    (403) 232-3307
    (403) 705-3341 (FAX)
    or
    JOG Capital Inc.
    2730, 440 - 2nd Avenue S.W.
    Calgary, Alberta