WesternZagros

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Name - WesternZagros

Website - Click to add

Warrant Symbol - WZR.WT

Number  Trading - 16,505,729

Expiration Date - Jan. 18, 2008

Cusip -  960008 11 8

Warrants called to trade news:

 

WesternZagros to begin trading on TSX-V Oct. 22

 

WESTERNZAGROS RESOURCES LTD. ("WZR")("WZR.WT")
BULLETIN TYPE: New Listing-Shares and Warrants, Private Placement-Non-Brokered
BULLETIN DATE: October 19, 2007
TSX Venture Tier 2 Company

Effective at the opening, October 22, 2007, the common shares and warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as an "oil and gas exploration and development" company.

Pursuant to a Plan of Arrangement (the "Arrangement") involving Western Oil Sands Inc. ("Western Oil Sands"), Western Oil Sands transferred to the Company its oil and gas exploration interests and operations located in the Federal Region of Kurdistan, Iraq. Under the Arrangement, a total of 165,057,183 common shares and 16,505,729 warrants of the Company were distributed to shareholders of Western Oil Sands as at the close of markets on October 18, 2007 on the basis of one common share of the Company and one-tenth of a warrant to purchase shares of the Company for every one Western Oil Sands share held.

For further information, please refer to Western Oil Sands' news release dated October 18, 2007 and Information Circular dated September 14, 2007 and filed on SEDAR on September 18, 2007.

Corporate Jurisdiction: Alberta

Capitalization: unlimited common shares with no par value of which 170,057,183 common shares are issued and outstanding. Unlimited warrants with no par value of which 16,505,729 warrants are issued and outstanding. Each whole warrant entitles the holder to purchase one common share of the Company at a price of $2.50 per share and will expire on January 18, 2008.

Escrowed Shares: Nil common shares

Transfer Agent: Valiant Trust Company
Trading Symbols: WZR (common shares)
WZR.WT (warrants)

CUSIP Numbers: 960008 10 0 (common shares)
960008 11 8 (warrants)

Private Placement-Non-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 31, 2007:

Number of Shares: 5,000,000 common shares

Purchase Price: $2.50 per common share

Number of Placees: 11 placees

Insider/Pro Group Participation:

Insider=Y /
Name ProGroup=P / # of Shares
James C. Houck I 80,000
John Frangos I 2,800,000
David Boone I 8,000
Fred Dyment I 40,000
Randall Oliphant I 100,000
Simon Hatfield I 200,000
Greg Stevenson I 38,000
Robert Theriault I 20,000

Company Contact: Greg Stevenson, Vice President, Finance
Company Address: 600, 400 - 2nd Avenue SW, Calgary, Alberta T2P 5E9

Company Phone Number: (403) 233-1700
Company Fax Number: (403) 234-9156

 

Western Oil shareholders approve Marathon combination

 

2007-10-16 13:04 MT - News Release

Ms. Dorreen Miller reports

WESTERN OIL SANDS ANNOUNCES APPROVAL OF PLAN OF ARRANGEMENT

Western Oil Sands Inc. shareholders voted over 99 per cent in favour of a special resolution approving the acquisition of Western by Marathon Oil Corp. (NYSE: MRO) pursuant to a plan of arrangement under the Business Corporations Act (Alberta).

The plan remains subject to the approval of the Court of Queen's Bench of Alberta. Application to the Court of Queen's Bench of Alberta for the final order approving the plan will be made later today.

Closing of the transaction is anticipated to occur on or about Oct. 18, 2007. Western expects to delist its common shares from the Toronto Stock Exchange at the close of trading on Oct. 19, 2007.

In addition to approving the plan, Western shareholders also approved resolutions associated with a stock option plan, a shareholder rights plan and a private placement of WesternZagros Resources Ltd. The common shares and warrants of WesternZagros will be listed on the TSX Venture Exchange and trading in the common shares (symbol WZR) and the warrants (symbol WZR.WT) is expected to commence on Oct. 22, 2007.

We seek Safe Harbor.