Storm Cat Energy investors sell 563,000 shares

By Lisa Kerner

Charlotte, N.C., Dec. 9 - A group of Storm Cat Energy Corp. investors led by 1346049 Ontario Ltd. and Trapeze Asset Management Inc. reported the sale of 563,000 shares between Oct. 6 and Nov. 17 in a schedule 13D/A filed with the Securities and Exchange Commission.

The shares were priced from C$0.04 to C$0.25 each, the filing said.

1346049 Ontario and Trapeze beneficially own approximately 26 million shares, or 27.4%, of the independent oil and gas company.

Storm Cat, with headquarters in Denver and Calgary, Alta., filed for bankruptcy on Nov. 10 in the U.S. Bankruptcy Court for the District of Colorado. The Chapter 11 case number is 08-27887.

In November it was reported that the company's chief financial officer, Paul Wiesner, has resigned.

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