Ultra acquires additional shares of Ultra Petroleum
Ultra Holdings Inc UPH
Shares issued 8,790,935 Mar 7 close $0.90
Wed 8 Mar 2000 News Release
Also Ultra Petroleum Corp (UP)
Mr. John Hislop reports
In Stockwatch Nov. 10, 1999, the company announced that it had acquired
11,726,245 shares of Ultra Petroleum, then representing 20.66 per cent of
the issued and outstanding shares of Ultra.
The company now announces that it has acquired an additional 1,135,000
shares of Ultra through normal course purchases on the Toronto Stock
Exchange which purchases represent, in the total, 2 per cent of the issued
and outstanding shares of Ultra. Accordingly, the company now owns a total
of 12,861,245 shares of Ultra representing 22.66 per cent of its issued and
outstanding shares.
The company's shares of Ultra are held for investment purposes. The company
does not act jointly or in concert with any other person with respect to
its shareholding in Ultra. The company may acquire up to an additional 3
per cent of the issued and outstanding shares of Ultra through normal
course purchases, subject to market conditions.
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