Leucrotta Exploration Inc. Reports on the Exercise of Arrangement Warrants

CALGARY, ALBERTA–(Marketwired – Sept. 9, 2014) – Leucrotta Exploration Inc. (“Leucrotta“) (TSX VENTURE:LXE) is pleased to announce that an aggregate of 20,759,659 of the warrants of Leucrotta (the “Arrangement Warrants“) issued pursuant to a plan of arrangement under the Business Corporations Act (Alberta) involving Leucrotta, Crocotta Energy Inc. (“Crocotta“) and Long Run Exploration Ltd., representing approximately 98.28% of the total number of Arrangement Warrants issued to the former shareholders of Crocotta, were exercised into an aggregate of 20,759,659 common shares of Leucrotta at a price of $1.70 per share for gross proceeds in the amount of $35,291,420.

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