EXCO Resources Inc (OTCMKTS:XCOO) major shareholder Wl Ross & Co Llc sold 293,900 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $0.20, for a total transaction of $58,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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About EXCO Resources

EXCO Resources, Inc (EXCO) is an oil and natural gas company. The Company is engaged in the exploration, exploitation, acquisition, development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. The Company’s principal operations are conducted in certain United States oil and natural gas areas, including Texas, Louisiana and the Appalachia region.

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