Yes Forex Inc.

February 21, 2007 15:24 ET

Yes Forex Inc.: Purchase of Shares of Wildcat Exploration Ltd.

TORONTO, ONTARIO--(CCNMatthews - Feb. 21, 2007) - Yes Forex Inc. announced that it has acquired 1,750,000 common shares (the "Purchased Shares") of Wildcat Exploration Ltd. (the "Corporation") through the exercise of previously issued common share purchase warrants. The Purchased Shares represent 4.6% of the issued and outstanding common shares of the Corporation. The Purchased Shares were purchased for $0.40 per share or an aggregate purchase price of $700,000.

Following the acquisition of the Purchased Shares, Yes Forex Inc. owns or controls an aggregate of 4,050,000 common shares of the Corporation representing 10.8% of the issued and outstanding common shares of the Corporation. Yes Forex Inc., together with Sol Prizant, who may be considered to be acting jointly or in concert with the Yes Forex Inc., now own or control an aggregate of 6,748,078 common shares of the Corporation representing 17.9% of the issued outstanding common shares of the Corporation.

Yes Forex Inc. continues to hold an additional 550,000 common share purchase warrants of the Corporation. Upon exercise of these additional warrants, Yes Forex Inc. would own or control an aggregate of 4,600,000 common shares of the Corporation representing 12.0% of the issued and outstanding common shares of the Corporation. Upon exercise of these additional warrants, Yes Forex Inc., together with Sol Prizant, would own or control an aggregate of 7,298,078 common shares of the Corporation representing 19.1% of the issued and outstanding common shares of the Corporation.

Yes Forex Inc. may purchase additional shares of the Corporation in the open market, by private agreement or otherwise subject to their availability at attractive prices, market conditions, applicable laws and other relevant factors.

Yes Forex Inc. intends to file a report describing the above transaction with applicable regulators, a copy of which shall be sent promptly to anyone who requests it from the persons noted below.

The information herein has not been approved or disapproved by regulatory authorities.

Contact Information

  • Yes Forex Inc.
    David Danzinger
    (416) 730-8050