Troob Capital Management LLC

October 07, 2011 13:54 ET

Troob Capital Management LLC Acquires Shares of IROC Energy Services Corp.

WHITE PLAINS, NEW YORK--(Marketwire - Oct. 7, 2011) - Troob Capital Management LLC announces that it has acquired control of 2,000 common shares of ("Common Shares") of IROC Energy Services Corp. (the "Corporation") by way of open market trade on October 6, 2011 at a price of $1.825 per Common Share for aggregate consideration of $3,650.00. Troob Capital Management LLC now owns, directly or indirectly, or exercises control or direction over 8,750,177 Common Shares representing approximately 17.39% of the issued and outstanding Common Shares.

Troob Capital Management LLC acquired the Common Shares on behalf of TCM MPS Ltd. SPC and TCM MPS Series Fund LP and had previously acquired Common Shares on behalf of TCM MPS Ltd. SPC, TCM MPS Series Fund LP and TCM Spectrum Fund LP. Troob Capital Management LLC 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 it holds or will hold, or may continue to hold its current position.

FOR FURTHER INFORMATION OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED IN CONNECTION WITH THIS MATTER, PLEASE CONTACT WILLIAM D. FINN.

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

  • Troob Capital Management LLC
    William D. Finn
    Chief Financial Officer
    777 Westchester Avenue, Suite 203
    White Plains, New York 10604
    (914) 694-5777