CALGARY, Jan. 7, 2013 /CNW/ - In connection with the previously announced plan of arrangement involving Platino Energy Corp. (the "Corporation"), ARC Equity Management (Fund 6) Ltd. (as the general partner of ARC Equity Management (Fund 6) Limited Partnership, the general partner of ARC Energy Fund 6 Canadian Limited Partnership, ARC Energy Fund 6 United States Limited Partnership, ARC Energy Fund 6 International Limited Partnership and ARC Capital 6 Limited Partnership, collectively "ARC Energy Fund 6") of Calgary, Alberta announced that ARC Energy Fund 6 has acquired control and direction over 7,243,125 common shares of the Corporation pursuant to such plan of arrangement, representing approximately 10.66% of the current outstanding common shares of the Corporation. ARC Energy Fund 6 did not previously exercise control or direction over any other common shares of the Corporation.
ARC Energy Fund 6 is a fund specializing in the energy sector, and is part of the ARC Financial group. Although ARC Energy Fund 6 may make further purchases of common shares of the Corporation through private purchases or through the facilities of the TSX Venture Exchange, such purchases will be made for investment purposes. This press release has been issued in order to comply with applicable securities legislation.
SOURCE ARC Energy Fund 6
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ARC Energy Fund 6's Holdings in Platino Energy Corp.
Jan 07, 2013, 07:28 EST