Warrior Resources, Inc. Shareholders Approve Sale
EVANSVILLE, Ind.–(BUSINESS WIRE)–Sept. 5, 2003
Warrior Resources, Inc. (formerly Comanche Energy, Inc.) (Pink Sheets:CMCY) announced today that its shareholders, at a Special Shareholders Meeting held August 29, 2003, approved the sale of its assets and liabilities to Imperial Petroleum, Inc. (OTCBB:IPTM), the Company’s largest shareholder, for approximately $6.48 million. The sale includes two million shares of Imperial common stock to be issued to Warrior.
“Upon completion of the purchase of the assets and liabilities of the Company by Imperial this month, we will begin seeking a new business venture for the Company to pursue,” said Jeffrey T. Wilson, the President of Warrior. “We are optimistic that the Company can re-establish value for its shareholders with a fresh start.”
Warrior Resources, Inc. operates oil and natural gas properties in Texas and Mississippi, through its subsidiary, Double Eagle Petroleum Corp., and it’s operations and activities are managed by Imperial Petroleum, Inc. Warrior is headquartered in Evansville, IN.
The matters discussed in this news release contain certain forward-looking statements that are subject to certain risks and uncertainties, including but not limited to, risks associated with finalizing a definitive agreement, the ability of the subsidiary to attract and maintain its client base and the ability of the company to market its services. Future results may differ materially from those reported here and the Company assumes no obligation to update the information contained in this release.
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