Dec 10, 2013 / ACCESSWIRE / Western Standard Energy Corp. (“Western”) (OTC:QB WSEG) announces the recent acquisition of 49.25% of the issued and outstanding shares of Pro Eco Energy Ltd. (“Pro Eco”).
Pro Eco is a private renewable energy Company based in Summerland, BC Canada.
Western acquired 41% of Pro Eco in exchange for 4,000,000 shares of Western’s common stock in exchange for 4,500,100 shares of Pro Eco Energy Ltd. The transaction closed on November 28, 2013.
Western acquired an additional 8.25% of Pro Eco in exchange for $40,000 USD cash. The transaction closed on December 2, 2013.
Dallas Gray, President and Director of Western stated “I am very enthusiastic about the recent acquisition of Pro Eco. This acquisition will transition Western from Oil & Gas Exploration to an Energy Company focused on alternative, renewable and green energy. Pro Eco has established a credible track record for renewable energy in BC and Alberta, Canada.“'
About Pro Eco Energy Ltd.
Pro Eco Energy Ltd. is an award-winning renewable energy Company. The Company was incorporated in 2007 and is based in the Okanagan, with projects in BC and Alberta, Canada. The company was founded by the owner of Swiss Solar Tech, to serve the growing solar and heat recovery system needs of the commercial business and public sector.
The CEO, Roger Huber, has over 25 years of experience in solar and heat pump installations in Europe and has conducted over 500 solar installations and/or solar system designs. He helped to improve heat pump efficiency for a Swedish heat pump manufacturer and assisted in the research and development of a new Swiss solar collector model. Roger is a Swiss certified engineering fitter-machinist and millwright. Roger completed a Swiss Business Manager Diploma in 1989 and is a Certified Canadian Solar Hot Water System Installer.
Richard Steuble has twenty-five years of experience in solar heating installation and plumbing and has been a Swiss certified plumber since 1982. He has worked for Pro Eco Energy Ltd. since it was incorporated.
Pro Eco employs four Certified Canadian Solar Hot Water System Installers, two plumbers and assistant plumbers.
For more information on Pro Eco Energy Ltd.
About Western Standard Energy Corp.
Western Standard Energy Corp. is a fully reporting public company focused on providing alternative, renewable and green energy power systems. The company was founded on February 2, 2001 and is headquartered in Kelowna BC, Canada.
Western Standard Energy Corp.
Dallas Gray – President
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This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mining exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Source: Western Standard Energy Corp.