Antrim Energy Inc.
TSX : AEN
AIM : AEY

Antrim Energy Inc.

November 08, 2006 16:40 ET

Antrim Energy Inc. Announces Filing of Final Prospectus

CALGARY, ALBERTA AND LONDON, UNITED KINGDOM--(CCNMatthews - Nov. 8, 2006) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

Antrim Energy Inc. ("Antrim or the "Company") (TSX:AEN)(AIM:AEY) announced today that it has obtained a receipt from the applicable securities commission for a final short form prospectus in connection with its previously announced offering of 13,175,000 common shares of Antrim at a price of $3.70 per share for gross proceeds of $48,747,500.

The offering is being underwritten on a "bought deal" basis by a syndicate of underwriters led by Blackmont Capital Inc. ("Blackmont"), and including GMP Securities L.P., Tristone Capital Inc., Wellington West Capital Markets Inc. and Research Capital Corporation. Blackmont's alliance partner, Oriel Securities Limited is acting as special selling agent in connection with sales in the United Kingdom. Antrim has granted the underwriters an over-allotment option to purchase up to an additional 1,975,000 common shares, exercisable at any time until 30 days following closing. Closing is expected on or about November 21, 2006. Net proceeds from the offering will be used towards Antrim's 2007 North Sea drilling program and for general corporate purposes.

Certain statements contained in this press release may be considered as "forward looking". Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Updated Antrim information can be accessed on its website: www.antrimenergy.com.


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