Poseidon Concepts Corp. has put itself for sale. Also, Ernst & Young Orenda Corporate Finance Inc. has been hired to help Poseidon's two remaining directors solicit and evaluate offers for a sale of the company or its assets.

Also, PricewaterhouseCoopers Inc., has been appointed by the Alberta Court of Queen's Bench to monitor the process. The process will commence from April 10, 2013 and Poseidon Concepts has set a May 15, 2013 as a deadline to receive bids from prospective buyers.