SkyWest Energy Corp.
TSX VENTURE : SKW

SkyWest Energy Corp.

December 07, 2010 20:44 ET

SkyWest Announces Filing of Preliminary Short Form Prospectus

CALGARY, ALBERTA--(Marketwire - Dec. 7, 2010) -

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

SkyWest Energy Corp. (TSX VENTURE:SKW) ("SkyWest" or the "Company") is pleased to announce that it has filed a Preliminary Short Form Prospectus dated December 7, 2010 with the securities regulatory authorities in Alberta, British Columbia, Saskatchewan, Manitoba, Ontario and New Brunswick relating to the qualification for distribution of the common shares issuable on the exercise of the 57,911,500 common share special warrants ("Special Warrants") issued at a price of $0.52 per special warrant on December 7, 2010, as well as the common shares issuable on the exercise of any Special Warrants issued in the next several days pursuant to an over-allotment option, as more particularly described in the Company's press release dated December 7, 2010.

Copies of the Preliminary Short Form Prospectus may be obtained from Mr. Joel MacLeod, the Chief Financial Officer of the Corporation, at Suite 480, 435 - 4th Avenue S.W., Calgary, Alberta T2P 3A8, telephone (403) 265-0071, and is also available electronically at www.sedar.com.

SkyWest Energy Corp. is a Cardium focused exploration and production Company based in Calgary, Alberta, Canada.

The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirement. This media release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Cautionary Note Regarding Forward-Looking Statements

Statements herein that are not historical facts may be considered forward looking statements including management's assessment of future plans and operations, growth expectations within the Corporation, expected initial production rates from certain new wells, timing of completion of wells and of production additions, expected size of various plays, construction or expansion of facilities and the timing thereof and expected costs and the effects thereof, drilling plans and the effects thereof.

Readers are cautioned that the foregoing list of factors and assumptions is not exhaustive. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and SkyWest does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither 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

  • SkyWest Energy Corp.
    Lawrence D. Urichuk
    President & CEO
    403-265-0071 ext. 201
    or
    SkyWest Energy Corp.
    Joel MacLeod
    Vice President, Finance & CFO
    403-265-0071 ext. 203