Leucrotta Exploration Inc.

Leucrotta Exploration Inc.

September 09, 2014 09:00 ET

Leucrotta Exploration Inc. Reports on the Exercise of Arrangement Warrants

CALGARY, ALBERTA--(Marketwired - Sept. 9, 2014) - Leucrotta Exploration Inc. ("Leucrotta") (TSX VENTURE:LXE) is pleased to announce that an aggregate of 20,759,659 of the warrants of Leucrotta (the "Arrangement Warrants") issued pursuant to a plan of arrangement under the Business Corporations Act (Alberta) involving Leucrotta, Crocotta Energy Inc. ("Crocotta") and Long Run Exploration Ltd., representing approximately 98.28% of the total number of Arrangement Warrants issued to the former shareholders of Crocotta, were exercised into an aggregate of 20,759,659 common shares of Leucrotta at a price of $1.70 per share for gross proceeds in the amount of $35,291,420.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Leucrotta Exploration Inc.
    Mr. Robert J. Zakresky
    President and Chief Executive Officer
    (403) 705-4525

    Leucrotta Exploration Inc.
    Mr. Nolan Chicoine
    Vice President, Finance and Chief Financial Officer
    (403) 705-4525
    (403) 705-4526 (FAX)