Petromin Increases Ownership of Terrawest Energy Corp.
Thursday, 26 November 2009
Petromin Resources Ltd. ("Petromin") (TSX.V:PTR) : The Board of Directors is pleased to announce it has unanimously approved and exercised warrants - purchasing an additional 16,666,667 common shares of TerraWest Energy Corp. (TWE) - maintaining its holdings in TWE at approximately 30%
About Petromin Resources Ltd.
Petromin is a progressive international petroleum and natural gas
exploration and production company listed Tier 1 on the TSX Venture Exchange.
Petromin was ranked 24th of the Top 100 Fastest Growing Companies in BC by
Business in Vancouver in 2009 based on a 704% revenue increase over the past 4
years. Petromin is a major shareholder in TWE and provides professional
services under the terms of a management agreement with TWE.
On behalf of the Board of Directors,
A. Ross Gorrell