CALGARY, ALBERTA--(Marketwire - Aug. 14, 2012) - Pursuant to the disclosure requirements of applicable securities laws, Cavendish Investing Ltd. ("Cavendish") reports that it has directly acquired ownership of a total of 4,842,467 Units ("Units") consisting of 4,842,467 common shares and 4,842,467 common share purchase warrants in the capital of Raise Production Inc. (the "Corporation"). The Corporation issued the Common Shares from treasury to Cavendish Investing Ltd. at a price of CDN. $0.15 per common share.
Cavendish Investing Ltd. now beneficially owns, controls or has direction over, directly or indirectly, an aggregate of 13,843,367 Common Shares, representing 26.06% of the Corporation's outstanding Common Shares. Cavendish acquired the "Units" pursuant to the Private Placement for investment purposes and may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over Common Shares, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise. A copy of the related early warning report will be filed on the SEDAR website (www.sedar.com) or may be obtained directly by calling Ms. Carlyn Dahl at (403) 269-6795.