PetroCorp Group Inc.

December 03, 2010 17:58 ET

PetroCorp Group Inc. Announces Return of Capital

EDMONTON, ALBERTA--(Marketwire - Dec. 3, 2010) - PetroCorp Group Inc. (NEX BOARD:PCG.H) (the "Corporation"), announces today that further to its previous press release with respect to the planned distribution of 17,857,033 trust units of Petrowest Energy Services Trust (the "Units") held by the Corporation to its registered shareholders ("Shareholders"), on a pro rata basis, the return of capital will be distributed to Shareholders of record as at December 15, 2010, subject to regulatory approval. Each Shareholder will receive 0.246907 of a Unit for each common share of the Corporation held. No fractional common shares shall be issued. In the event that a registered shareholder would otherwise be entitled to a fraction of a common share, the number of common shares issued to such registered shareholder shall be rounded down to the next whole number of common shares.

Neither the NEX, nor its Regulatory Services Provider (as that term is defined in the policies of the NEX) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • PetroCorp Group Inc.
    Larry Patriquin
    (780) 499-7662
    PetroCorp Group Inc.
    Randy Fries
    Interim CFO
    (780) 910-9436