Divestco Inc.: Wade Brillon Announces Filing of Report Under NI 62-103
13 Septembre 2011 - 9:03PM
Marketwired Canada
Wade Brillon, Director of Divestco Inc. (TSX VENTURE:DVT) ("Divestco"), paid
$460,000 to acquire 2,090,909 units ("Units") of Divestco at a price of $0.22
per unit pursuant to a non-brokered private placement upon its final closing on
December 23, 2010. Each unit comprised of one Class A share ("Share") and one
non-transferable share purchase warrant ("Warrant"), each Warrant entitles the
holder to purchase one Share on or before December 31, 2012, at an exercise
price of $0.32 per Share. Immediately prior to this acquisition, Mr. Brillon
owned or controlled 3,325,819 (7.7%) of the outstanding Shares. Mr. Brillon now
owns or controls 5,416,729 Shares along with Warrants to acquire an additional
2,090,909 Shares or an aggregate 12.1% on a partially fully diluted basis.
Awards that do not vest within 60 days have been excluded from the calculations.
Mr. Brillon acquired beneficial ownership of, and control or direction over, the
Shares pursuant to the offering for investment purposes and advises that it is
his current intention to continue to accumulate Shares of Divestco periodically.
The Units acquired pursuant to the offering were issued under the exemption from
prospectus requirements set forth in section 2.3 of National Instrument 45-106
on the basis that Mr. Brillon is an accredited investor.
Details can be obtained through the supplementary Early Warning Report filed on
SEDAR pursuant to securities legislation, a copy of which can be obtained by
contacting Danny Chiarastella, Divestco's Vice President, Finance at (587)
952-8027.
Divestco is an exploration services company that provides a comprehensive and
integrated portfolio of data, software, and services to the oil and gas
industry. Through continued commitment to align and bundle products and services
to generate value for customers, Divestco is creating an unparalleled set of
integrated solutions and unique benefits for the marketplace. Divestco's breadth
of data, software and services offers customers the ability to access and
analyze the information required to make business decisions and to optimize
their success in the upstream oil and gas industry. Divestco is headquartered in
Calgary, Alberta, Canada and trades on the TSX Venture Exchange under the symbol
"DVT".
Divestco Inc. (TSXV:DVT)
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