Valeura Announces Closing of $15 Million Bought Deal Financing
October 10 2012 - 9:00AM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/ CALGARY, Oct. 10, 2012 /CNW/ -
Valeura Energy Inc. ("Valeura" or the "Corporation") has completed
its previously announced public offering of common shares for gross
proceeds of $14,950,000. The shares were sold through a
syndicate of underwriters led by Cormark Securities Inc. and
includes National Bank Financial Inc., Canaccord Genuity Corp.,
FirstEnergy Capital Corp., and Jennings Capital Inc. Valeura
intends to use the net proceeds from the offering to fund the
Corporation's capital program, including continued field
development and exploration operations in the Republic of Turkey
and for general corporate purposes. ABOUT THE CORPORATION Valeura
Energy Inc. is a Canada-based public company currently engaged in
the exploration, development and production of petroleum and
natural gas in Turkey and Western Canada. Additional information
relating to Valeura is also available on SEDAR at www.sedar.com.
Advisory Regarding Forward-Looking Statements This news release
contains a forward-looking statement pertaining to the use of
proceeds from the public offering. Although Valeura believes that
the expectations reflected in such forward looking statement are
reasonable, undue reliance should not be placed on it as Valeura
cannot give any assurance that such expectations will prove to be
correct. The forward-looking statement in this news release is made
as of the date hereof and, except as required by applicable
securities law, Valeura undertakes no obligation to update publicly
or revise such statement, whether as a result of new information,
future events or otherwise. Valeura Energy Inc. CONTACT: Jim
McFarland, President and CEOValeura Energy Inc.(403)
930-1150jmcfarland@valeuraenergy.comSteve Bjornson, CFOValeura
Energy Inc.(403)
930-1151sbjornson@valeuraenergy.comwww.valeuraenergy.com
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