GENEVA, SWITZERLAND — (Marketwired) — 11/11/14 — Athos Limited (Athos) announces that it has transferred a total of 11,633,296 class A common shares (Common Shares) of Calvalley Petroleum Inc. (Calvalley) and no longer holds any Common Shares of Calvalley. Athos transferred 6,279,088 Common Shares of Calvalley to Stefan Chaligne and 5,354,208 Common Shares of Calvalley to the joint account of Jean-Claude Chaligne and Maria Chaligne (the Transaction). Athos transferred the Common Shares on November 5, 2014 in relation to the reimbursement for the Athos shareholders– account. The transfer of Common Shares was done at a deemed price of $1.21 per Common Share, however, no direct consideration was paid by Stefan Chaligne, Jean-Claude Chaligne or Maria Chaligne. As a result of the Transaction, Stefan Chaligne now directly holds 9,279,088 Common Shares of Calvalley representing approximately 11.93% of the issued and outstanding Common Shares of Calvalley. Stefan Chaligne and Jean-Claude Chaligne are the only shareholders of Athos.
For a copy of the early warning report to be filed in respect of the above transaction, please refer to the SEDAR profile of Calvalley or contact:
Contacts:
Athos Limited
P.O. Box 5259
CH – 1211 Geneva 11