Tortola, British Virgin Islands EastCoast Energy Corporation (TSXV: ECE.A and ECE.B) announced today that it has changed its legal name to Orca Exploration Group Inc. The Company expects that trading in the name Orca Exploration will, upon receiving final approval of the TSXV, begin at the opening of trading on or about 4 April 2007.
The corporate name change was approved by EastCoast Energy Corporation’s shareholders at the Company’s Annual General Meeting on 14 November 2006 and a Certificate of Name Change was issued 2 February 2007. Orca Exploration Group Inc. is a TSXV Exchange listed company, focused on the exploration and production of natural gas and the sale of “Additional Gas” to markets in East Africa. The Company began trading on the TSXV on 31 August 2004 under the trading symbols ECE.B and ECE.A. Subsequently shareholders approved a name change for the Company from EastCoast Energy Corporation to Orca Exploration Group Inc. Following final approval of the name change shares in the Company will trade on the TSXV Exchange as ORC.B and ORC.A.
Forward Looking Statements
This disclosure contains certain
forward-looking estimates that involve substantial known and unknown
risks and uncertainties, certain of which are beyond EastCoast’s
control, including the impact of general economic conditions in the
areas in which EastCoast operates, civil unrest, industry conditions,
changes in laws and regulations including the adoption of new
environmental laws and regulations and changes in how they are
interpreted and enforced, increased competition, the lack of
availability of qualified personnel or management, fluctuations in
commodity prices, foreign exchange or interest rates, stock market
volatility and obtaining required approvals of regulatory authorities.
In addition there are risks and uncertainties associated with oil and
gas operations, therefore EastCoast’s actual results, performance or
achievement could differ materially from those expressed in, or implied
by, these forward-looking estimates and, accordingly, no assurances can
be given that any of the events anticipated by the forward-looking
estimates will transpire or occur, or if any of them do so, what
benefits, including the amounts of proceeds, that EastCoast will derive
therefrom.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this Press Release.
For further information please contact:
Peter Clutterbuck, President and CEO
+255 (0)22 2138737
Nigel A Friend, CFO
+255 (0)22 2138737