Fuselier Holding, LLC Announces Landslide Approval of Settlement Agreements by West Hawk Creditors

Last week, through their legal counsel, Gretchen VanderWerf of VanderWerf P.C. inDenver, Fuselier sent Settlement Agreements to 25 creditors holding liens and lawsuits against West Hawk Development. The Agreements received landslide approval from the creditors, which removes one of the last roadblocks to bring West Hawk back in compliance with the terms of their Drilling & Development Agreement for their Figure Four Project.

Dr. Jean R. Fuselier, Sr., President & CEO of Fuselier Holding, LLC, expressed that, "Due to a collaborative team effort by all parties involved, we were able to reach agreements with more than 25 creditors in less than month. This has been a real 'breakthrough' for West Hawk Development, and Fuselier is extremely pleased at the successful outcome. Reaching this many agreements in such a short period of time would have been entirely impossible were it not for the selfless efforts of the many attorneys working diligently with their clients to bring this significant event to fruition. I want to express my personal gratitude and appreciation for their tireless efforts in this matter."

Roger Baer, CFO of West Hawk stated, "We are very pleased that our creditors have reached agreement with Fuselier. The process has allowed the Company to focus on final completion efforts at Figure Four, as well as our coal project development plans announced earlier this week."

About West Hawk Development: West Hawk Development Corp is focused on providing valuable, high-demand energy products from a variety of sources. Assets include the Figure Four natural gas property located in the Piceance Basin,Colorado, being developed under a drilling and development agreement; the Groundhog coal property located in northwestBritish Columbia; theTulita coal property located in theNorthwest Territories; and the Ellesmere Island, Nunavut Territory coal property.

About Fuselier Holding, LLC: Fuselier Holding provides equity financing to publicly traded companies. By tailoring innovative, strategic financial solutions for each client, Fuselier implements an appropriate investment structure which allows the client to focus on its company fundamentals. Fuselier takes a synergistic approach which not only builds an ongoing relationship with their clients, but allows for overall growth and improvement in the company, the community, and the national economy. Visit http://www.fhhelp.com for more information.

SOURCE Fuselier Holding, LLC

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Copyright © 2008, NewsBlaze, Daily News

Tags: Oil, Gas and Energy, Banking and Finance, , colorado, texas

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