Enterprise Oilfield Group, Inc.
TSX : E

Enterprise Oilfield Group, Inc.

June 30, 2011 18:25 ET

Leonard Jaroszuk Acquires Additional Securities of Enterprise Oilfield Group, Inc.

ST. ALBERT, ALBERTA--(Marketwire - June 30, 2011) - Mr. Leonard Jaroszuk, announces that, in connection with a private placement (the "Private Placement") of units ("Units") of Enterprise Oilfield Group, Inc. (TSX:E) ("Enterprise" or the "Company"), each Unit being comprised of one common share ("Common Share") in the capital of the Company and one Common Share purchase warrant (each, a "Warrant"), which occurred on June 30, 2011, Mr. Jaroszuk acquired directly or indirectly 1,684,999 Common Shares and 1,684,999 Warrants due to his participation in the Private Placement. Mr. Jaroszuk subscribed for Units at a price of $0.15 per Unit for total consideration of $252,750.

As a result, Mr. Jaroszuk now owns directly or indirectly, or exercises control over a total of 8,593,899 Common Shares, 2,884,999 Warrants and 2,040,000 options representing on a basic basis 15.69% of the issued and outstanding Common Shares and on a diluted basis (assuming that only Mr. Jaroszuk's Warrants and options are exercised) approximately 22.65% of the issued and outstanding Common Shares.

Mr. Jaroszuk acquired Common Shares and Warrants for investment purposes pursuant to the Private Placement and may, from time to time on an individual or joint basis, acquire additional securities of Enterprise, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position.

FOR FURTHER INFORMATION OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED IN CONNECTION WITH THIS MATTER, PLEASE CONTACT MR. LEONARD JAROSZUK.

Contact Information

  • Mr. Leonard Jaroszuk
    St. Albert, Alberta
    Tel: (780) 418-4400