Rochester Energy Corp.

March 16, 2007 18:01 ET

Rochester Energy Corp. Announces Completion of Previously Approved Shares for Debt Transaction and Resignation of Director

CALGARY, ALBERTA--(CCNMatthews - March 16, 2007) - Rochester Energy Corp. ("Rochester") announced today that it has completed a previously announced and approved shares-for-debt transaction with certain current and former directors whereby $191,550 owing by Rochester was satisfied by the issuance of 957,750 Units to those parties. Each Unit is comprised of one common share and one common share purchase warrant exercisable at $0.20 for a period of five years. For more particulars on this transaction, the reader is directed to Rochester's Management Information Circular dated May 16, 2004, which was filed on SEDAR.

Following this issuance, Rochester has 25,701,695 common shares issued and outstanding.

Rochester also announced today that William A. Trickett has resigned from the Board of Directors of Rochester, effective immediately.

Rochester is a junior oil and gas company with head offices in Calgary, Alberta whose primary focus is the acquisition and exploration of oil and gas properties, with a particular focus on oil sands opportunities in Alberta. Rochester is a reporting issuer in Alberta, British Columbia and Ontario.

Contact Information

  • Rochester Energy Corp.
    Troy Mochoruk
    Director and CEO
    (403) 618-8989
    Email: tdmochoruk@shaw.ca