The Buffalo Oil Corporation
TSX VENTURE : BFO

The Buffalo Oil Corporation

January 31, 2006 09:00 ET

Buffalo Oil Closes Flow-Through Financing

CALGARY, ALBERTA--(CCNMatthews - Jan. 31, 2006) - The Buffalo Oil Corporation (TSX VENTURE:BFO) ("Buffalo") announced that it has completed the first tranche of its previously announced bought-deal brokered private placement. The first tranche totalled 454,546 common shares which were all issued on a flow-through basis at the price of $2.20 per share for aggregate gross proceeds of $1,000,001. The second tranche of 2,777,778 common shares is expected to close on or about February 21, 2006. Northern Securities Inc. is acting as underwriter for the private placement. Net proceeds from the financing will be used to fund Buffalo's 2006 drilling program.

After completion of this first tranche of the private placement, Buffalo has 14,725,097 common shares issued and outstanding.

Buffalo is an emerging Canadian junior oil and gas company engaged in the exploration, development and production of oil and gas reserves in the provinces of Alberta and Saskatchewan.


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

Contact Information

  • The Buffalo Oil Corporation
    Trevor Penford
    President and C.F.O
    Email: tpenford@buffalo-oil.com
    or
    The Buffalo Oil Corporation
    William (Bill) Trickett
    Chairman and C.E.O
    Email: btrickett@buffalo-oil.com
    or
    The Buffalo Oil Corporation
    Suite 180, 1209 - 59th Avenue S.E.
    Calgary, Alberta T2H 2P6
    (403) 252-2462
    (403) 252-1399 (FAX)
    Website: www.buffalo-oil.com