NuLoch Resources Inc.
TSX VENTURE : NLR.A
TSX VENTURE : NLR.B

NuLoch Resources Inc.

October 23, 2007 10:08 ET

NuLoch Resources Closes $4.4 Million Equity Financing

CALGARY, ALBERTA--(Marketwire - Oct. 23, 2007) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

NuLoch Resources Inc. ("Nuloch") (TSX VENTURE:NLR.A) (TSX VENTURE:NLR.B) announces that it has closed its previously announced $4.4 million equity financing. GMP Securities L.P. acted as agent and the offering was fully subscribed.

In total, NuLoch has issued, by way of private placement, 3,625,000 Class A flow-through common shares at $0.80 per share and 2,307,700 Class A common shares at $0.65 per share for gross proceeds of $4,400,005. The shares will be subject to a four month hold period which will expire on February 24, 2008. Nuloch now has 21,129,695 Class A common shares issued and outstanding.

Proceeds from this offering will be used to fund NuLoch's capital program and for general corporate purposes.

The Class A common shares of NuLoch have not and will not be registered under the United States Securities Act of 1933 as amended (the U.S. Securities Act) or any state securities laws and may not be offered or sold in the United States or to any U.S. person except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • NuLoch Resources Inc.
    R. Glenn Dawson
    President and CEO
    (403) 920-0455
    (403) 920-0457 (FAX)
    Email: nuloch@nuloch.ca
    or
    NuLoch Resources Inc.
    2200, 444 - 5th Avenue SW
    Calgary, Alberta
    T2P 2T8