Glamis Resources Ltd.
TSX VENTURE : GLM.A

Glamis Resources Ltd.

November 11, 2009 11:33 ET

Glamis Resources Ltd. Changes Name to Legacy Oil + Gas Inc.

CALGARY, ALBERTA--(Marketwire - Nov. 11, 2009) - Glamis Resources Ltd. (TSX VENTURE:GLM.A) announces that it has changed its name to Legacy Oil + Gas Inc. ("Legacy"). The name change was approved by the shareholders of the company at a meeting held on September 25, 2009. At the same meeting, the shareholders also approved a consolidation of the class A shares on 6 to 1 basis and a redesignation of the class A shares as common shares. Legacy anticipates that it will implement the consolidation and redesignation in early December, 2009. The class A shares will continue to trade under the symbol "GLM.A" until the consolidation and redesignation has been implemented.

Legacy also announces that the TSX has conditionally approved the listing of the shares of Legacy. Listing of the shares on the TSX remains subject to Legacy fulfilling all of the requirements of the TSX. Legacy anticipates that it will be able to satisfy the requirements of the TSX in sufficient time to permit the TSX listing to occur immediately following the consolidation and redesignation.

Legacy 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. Legacy's class A shares trade on the TSX Venture Exchange under the symbol GLM.A.

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.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated timing for the implementation of the consolidation and redesignation of the class A shares of Legacy and the listing of the shares of Legacy on the TSX. The forward-looking statements contained in this document are based on certain key expectations and assumptions made by Legacy, including the timely receipt of required regulatory approvals. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals. The forward-looking statements contained in this document are made as of the date hereof and Legacy undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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

  • Legacy Oil + Gas Inc.
    Trent J. Yanko, P.Eng.
    President + CEO
    (403) 441-2300
    (403) 441-2017 (FAX)
    or
    Legacy Oil + Gas Inc.
    Matt Janisch, P.Eng.
    Vice-President, Finance + CFO
    (403) 441-2300
    (403) 441-2017 (FAX)
    or
    Legacy Oil + Gas Inc.
    3900, Bow Valley Square II
    205 - 5th Avenue S.W.
    Calgary, AB T2P 2V7