Glamis Resources Ltd.
TSX VENTURE : GLM.A

Glamis Resources Ltd.

November 04, 2009 13:44 ET

Glamis Resources Ltd. Closes Previously Announced Partnership Acquisition

CALGARY, ALBERTA--(Marketwire - Nov. 4, 2009) - Glamis Resources Ltd. ("Glamis") (TSX VENTURE:GLM.A) is pleased to announce that it has completed the partnership acquisition detailed in its press release of October 20, 2009. Pursuant to the acquisition, Glamis acquired all of the interests of a partnership holding predominately light oil assets in Southeast Saskatchewan effective November 1, 2009 from a private company for consideration consisting of $47.6 million in cash and 5,000,000 class A shares of Glamis ("Glamis Shares").

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 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.

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 & CEO
    (403) 441-2300
    (403) 441-2017 (FAX)
    or
    Glamis Resources Ltd.
    Matt Janisch, P.Eng.
    Vice-President, Finance & CFO
    (403) 441-2300
    (403) 441-2017 (FAX)
    or
    Glamis Resources Ltd.
    3900, Bow Valley Square II
    205 - 5th Avenue S.W.
    Calgary, AB T2P 2V7