Western GeoPower investor Rule Family acquires warrants

2009-01-08 17:25 ET - News Release

Ms. Gretchen Carter of the Rule Family Trust reports

THE RULE FAMILY TRUST ACQUIRES WARRANTS OF WESTERN GEOPOWER CORP.

The Rule Family Trust has acquired control and direction over warrants to purchase 14,814,814 common shares of Western GeoPower Corp. It now has control and direction over a total of 19,190,411 common shares (representing 8.21 per cent of Western GeoPower's outstanding common shares) and warrants to purchase a further 2,518,078 shares at 45 cents and 14,814,814 shares at 18 cents. If such warrants were exercised, the Rule Family Trust would have control and direction over 14.55 per cent of the outstanding shares of Western GeoPower.

The common share purchase warrants were acquired as a bonus for making a loan to Western GeoPower and are being held for investment purposes. The trust has filed an early warning report with the British Columbia, Alberta, Ontario and Quebec securities commissions in respect of the acquisition. Copies of the report may be obtained from SEDAR or without charge from the trust.

This trust has some money to burn:

http://agoracom.com/ir/Cornerstone/f...

The Rule Family Trust now has control and direction over 5,859,500 common shares (representing 7.83 per cent of Cornerstone's outstanding common shares), warrants to purchase a further 4,992,000 common shares and 692,500 warrants.

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