Commodity Quest’s shareholders are offered the employee to receive 10 percent of the shares of Crown Energy.
Shareholders of Commodity Quest AB (publ) (“Commodity Quest”) offered the employee to receive 10 consideration receive shares of Crown Energy corresponding to its ownership of Commodity Quest. Härefterprocent stake in Crown Energy Ltd (formerly Benchmark AB). Information about the offer and how it is accepted will be seen in a letter to shareholders, which will be sent out on or about 3 November 2011. Shareholders who accept the offer will come Crown Energy to apply for listing on the appropriate marketplace .
The remaining 90 percent of the Crown Energy has been sold to Crown Energy Venture Corporation’s original owner.
The Record Date October 28, 2011, registered shareholders in Commodity Quest will be sent to the offer and, after acceptance, receive shares in Crown Energy corresponding to its ownership of Commodity Quest. Assuming full acceptance, the Commodity Quest’s shareholders will own a total of approximately 10 percent of the shares of Crown Energy.
Last day of trading in Commodity Quest shares including rights to receive Crown Energy shares will be 24 October 2011.
To be able to receive without consideration Crown Energy shares have accepted the offer as soon as possible and no later than November 18, 2011 by submitting the acceptance form included with the letter to shareholders. Accept Banknote will also be available to download from the Commodity Quest’s website www.commodityquest.se.
“It is very gratifying that this has managed to create the opportunity for significant added value for our shareholders. Crown Energy is a company that we believe very interesting and with great growth potential. We look forward to following the company and hope that our shareholders should accept this offer which we consider very attractive”, says Petter Elmstedt, Managing Commodity Quest.
About Crown Energy
Crown Energy shall, through processing and exploration develop oil and gas projects in over-exploited areas, initially Africa. Growth in value created by developing assets in the early stages until they are ready to be transferred to a larger player in the oil and gas industry. Crown Energy is focused on exploring opportunities with great potential for recoverable reserves. The company seeks a good spread of risk, geographical and geological, and strives farmout opportunities that exit strategy to ensure as far as possible to capitalize their assets. Crown Energy began operations in 2010 with the construction of their portfolio.
The business is currently focused on the western and southern Africa.
CEO of Crown Energy is its main shareholder and also the founder Ulrik Jansson with extensive experience in the areas of raw materials and energy , including as former CEO and principal owner of PA Resources.
More information about Crown Energy is available on the company website: www.crownenergy.se.
For further information, please contact:
Petter Elmstedt , CEO, phone 0737-20 33 88