Zebra Holdings & Investments S.a.r.l.

October 02, 2009 14:51 ET

Zebra Holdings & Investments S.a.r.l.: Corporate Update

LUXEMBOURG, LUXEMBOURG--(Marketwire - Oct. 2, 2009) - Zebra Holdings & Investments S.a.r.l. (the "Offeror") announces that on September 28, 2009 it purchased 22,738,933 subscription receipts (the "Subscription Receipts"), exercisable into 22,738,933 common shares of Bayou Bend Petroleum Ltd. (the "Company") at a price of $0.75 per Subscription Receipt, pursuant to a private placement transaction. Prior to the purchase of the Subscription Receipts, the Offeror owned 21,000,000 common shares of the Company. In addition, the Offeror acts jointly with an investment company (the "Joint Actor") which owns 9,382,667 common shares of the Company. The Offeror and the Joint Actor will own and have control over a total of 53,121,600 common shares of the Company, or approximately 11.83% of the issued and outstanding shares of the Company, assuming the Subscription Receipts are exercised in full and assuming no other shares of the Company are issued in the intervening period.

The Offeror relied on Section 2.3 of National Instrument 45-106 in connection with the purchase of the Subscription Receipts.

The Subscription Receipts were purchased pursuant to a private transaction and were not carried out in any market. The Offeror and the Joint Actor have acquired securities in the Company for investment purposes only and may, in the ordinary course of their business, acquire additional securities of the Company depending on market and other conditions.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibilty for the adequacy or accuracy of this release.

Contact Information

  • Zebra Holdings & Investments S.a.r.l.
    Mr. Aksel Azrac
    + 352-266-448-1