VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2012) - Further to its news release dated April 27, 2012, Warrior Energy N.V. ("Warrior" or the "Company") (TSX VENTURE:WEN) is pleased to announce that pursuant to a letter agreement dated March 21, 2012 between the Company and John Hislop, it has entered into a Loan Purchase Agreement dated September 12, 2012 with its wholly owned subsidiary, Warrior Oil & Gas Holdings Inc. ("Warrior Oil & Gas") and John Hislop (the "Loan Purchase Agreement"). Pursuant to the Loan Purchase Agreement, Warrior Oil & Gas has agreed to assign to John Hislop for CDN$100,000 the debt that Exxel Energy (USA) Inc. ("Exxel") owes to Warrior Oil & Gas pursuant to a Promissory Note dated May 24, 2007, as amended and secured by inter alia a mortgage from Exxel and a guarantee from XXL Energy Corp., each as amended.
About the Company
Warrior is a junior oil and gas exploration and production company focused on identifying and exploiting hydrocarbon opportunities.
On behalf of the Board of Directors
Urs Meisterhans, President
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