TriStar Oil & Gas Ltd.
TSX : TOG

TriStar Oil & Gas Ltd.

November 27, 2008 08:11 ET

TriStar Announces Flow Through Common Share Financing

CALGARY, ALBERTA--(Marketwire - Nov. 27, 2008) -

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.

TriStar Oil & Gas Ltd. ("TriStar")(TSX:TOG) is pleased to announce today that it has entered into a bought deal financing agreement with a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including GMP Securities L.P., FirstEnergy Capital Corp., BMO Capital Markets, CIBC World Markets Inc., Genuity Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc. and Tristone Capital Inc. to issue 1,025,000 flow through common shares on a private placement basis at a price of $14.70 per share for gross proceeds of $15,067,500.

The flow through common shares issued pursuant to the private placement will be subject to a four month hold from the date of closing of the private placement. Completion of this financing is subject to receipt of all necessary regulatory approvals. This financing is expected to close on or about December 18, 2008.

Proceeds from this financing will be used to fund the company's ongoing exploration opportunities.

TriStar Oil & Gas Ltd. is a Calgary based light oil and natural gas company active in the acquisition, exploration, development and production of crude oil and natural gas in Western Canada.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The common shares offered 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 many not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable states securities laws.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • TriStar Oil & Gas Ltd.
    Brett Herman
    President and C.E.O.
    (403) 268-7800
    (403) 218-6075 (FAX)
    or
    TriStar Oil & Gas Ltd.
    Jason J. Zabinsky
    Vice President, Finance and C.F.O.
    (403) 268-7800
    (403) 218-6075 (FAX)