Trinity Capital Partners Ltd.

Enerchem International Inc.
TSX : ECH

June 09, 2010 17:19 ET

Trinity Capital Partners Ltd. & Enerchem International Inc.: News Release

CALGARY, ALBERTA--(Marketwire - June 9, 2010) - Trinity Capital Partners Ltd. ("Trinity") and Enerchem International Inc. (TSX:ECH) ("Enerchem") jointly announced that 14,166,365 common shares ("Enerchem Shares") of Enerchem, representing 94.42% of the outstanding Enerchem Shares, have been tendered to Trinity's offer to acquire all of the Enerchem Shares dated April 30, 2010 (the "Offer"). The Offer expired at 3:00 p.m. (Calgary time) on June 8, 2010 and Trinity has taken up and paid for all of the Enerchem Shares deposited to the Offer on the basis of $2.75 in cash for every Enerchem Share. Trinity has implemented procedures to acquire all remaining Enerchem Shares pursuant to the compulsory acquisition provisions of the Business Corporations Act (Alberta).

Contact Information

  • Trinity Capital Partners Ltd.
    Stanley Owerko
    President and Chief Executive Officer
    (403) 620-0895
    or
    Enerchem International Inc.
    Kenneth Bagan
    President and Chief Executive Officer
    (403) 269-1500
    (403) 269-1559 (FAX)
    kbagan@enerchem.com
    or
    Enerchem International Inc.
    Kim Hubick
    Vice President, Finance and Chief Financial Officer
    (403) 269-1500
    (403) 269-1559 (FAX)
    khubick@enerchem.com