CALGARY, ALBERTA--(Marketwire - June 9, 2010) - Trinity Capital Partners Ltd. ("Trinity") and Enerchem International Inc. (TSX:ECH) ("Enerchem") jointly announced that 14,166,365 common shares ("Enerchem Shares") of Enerchem, representing 94.42% of the outstanding Enerchem Shares, have been tendered to Trinity's offer to acquire all of the Enerchem Shares dated April 30, 2010 (the "Offer"). The Offer expired at 3:00 p.m. (Calgary time) on June 8, 2010 and Trinity has taken up and paid for all of the Enerchem Shares deposited to the Offer on the basis of $2.75 in cash for every Enerchem Share. Trinity has implemented procedures to acquire all remaining Enerchem Shares pursuant to the compulsory acquisition provisions of the Business Corporations Act (Alberta).
Trinity Capital Partners Ltd. & Enerchem International Inc.: News Release
June 09, 2010 at 17:19 PM EDT