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Share Name | Share Symbol | Market | Type |
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TSXV:BWN | TSX Venture | Common Stock |
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Brownstone Energy Inc. (TSX VENTURE:BWN)(OTCQX:BWSOF) ("Brownstone" or "the Company") announces that the previously announced sale of its 25% oil and gas participating interest in the Canaguaro Block in the Llanos Basin of Colombia closed today. Brownstone received gross proceeds of US$6 million in cash from Petrominerales Ltd. for its Canaguaro interest (which may be subject to post-closing adjustments relating to revenues and expenses attributable to pre-closing operations, in accordance with the terms of the sale). About Brownstone Brownstone Energy Inc. is a Canadian-based, energy focused company with direct interests in oil and gas exploration projects, including varying interests in three off-shore Israel concessions and in three Colombian blocks in the Llanos basin, as well as other oil and gas interests worldwide. By owning and managing a diversified portfolio of energy-based projects, Brownstone provides shareholders with a unique energy alternative. For additional information, please see Brownstone's website: www.brownstoneenergy.com. FOR FURTHER INFORMATION PLEASE CONTACT: Brownstone Energy Inc. Jonathan Schroeder, P. Geoph. President and COO (403) 660-2894 schroeder@brownstoneenergy.com Brownstone Energy Inc. Gerry Feldman CFO (416) 941-8900 Feldman@brownstoneenergy.com Brownstone Energy Inc. Richard Patricio Vice-President Corporate and Legal Affairs (416) 941-8900 info@brownstoneenergy.com www.brownstoneenergy.com
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