Peter Salamon

November 14, 2008 18:10 ET

Peter Salamon: Early Warning Press Release

CALGARY, ALBERTA--(Marketwire - Nov. 14, 2008) -

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

Peter Salamon announces that, as a result of purchases in the open market which occurred on October 28 and 29, 2008 through the facilities of the Toronto Stock Exchange (the "TSX"), Mr. Salamon has acquired an additional 12,300 common shares of Argosy Energy Inc. (TSX:GSY) (the "Common Shares"). The Common Shares were purchased for consideration ranging from $2.17 to $2.23 per Common Share. As a result, Mr. Salamon now owns 596,307 Common Shares representing approximately 10.2% of the issued and outstanding Common Shares. In addition, Mr. Salamon, a director and officer of the Corporation, has stock options to acquire an additional 54,000 Common Shares. In the event that all such stock options were exercised by Mr. Salamon, he would own approximately 11.1% of the issued and outstanding Common Shares.

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

Contact Information

  • Argosy Energy Inc.
    Mr. Peter Salamon
    President & CEO
    (403) 269-8846
    or
    Argosy Energy Inc.
    2100, 500 - 4th Avenue S.W.
    Calgary, AB T2P 2V6