Glamis Resources Ltd.
TSX VENTURE : GLM.A
TSX VENTURE : GLM.B

Glamis Resources Ltd.

August 31, 2009 17:27 ET

Glamis Closes Previously Announced SE Saskatchewan Asset Acquisition

CALGARY, ALBERTA--(Marketwire - Aug. 31, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Glamis Resources Ltd. ("Glamis") (TSX VENTURE:GLM.A) (TSX VENTURE:GLM.B) is pleased to announce that it has completed the previously announced acquisition of assets from Bonavista Energy Trust. The effective date of the acquisition was June 1, 2009. Glamis paid consideration, prior to adjustments, of approximately $91.3 million of cash and 3,947,368 Class A Shares for the assets. Following the completion of the acquisition, Glamis has 232,496,522 Class A Shares and 922,500 Class B Shares issued and outstanding.

Glamis is a uniquely positioned, well-capitalized junior oil and gas company with a proven management team committed to aggressive, cost-effective growth of light oil reserves and production in Saskatchewan and Manitoba. Glamis' Class A Shares and Class B Shares trade on the TSX Venture Exchange under the symbols GLM.A and GLM.B, respectively.

This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, any securities in the United States, nor shall there be any sale of securities mentioned in this press release in any state in the United States in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Glamis Resources Ltd.
    Trent J. Yanko, P. Eng.
    President and CEO
    (403) 265-7200
    (403) 265-7150 (FAX)
    or
    Glamis Resources Ltd.
    Matt Janisch, P. Eng.
    Vice-President, Finance & CFO
    (403) 265-7200
    (403) 265-7150 (FAX)
    or
    Glamis Resources Ltd.
    440, 333 - 5th Avenue S.W.
    Calgary, AB T2P 3B6