Cygam Energy Inc.
TSX VENTURE : CYG

Cygam Energy Inc.

March 29, 2012 19:22 ET

CYGAM Energy Inc. Announces of Debt Financing

CALGARY, ALBERTA--(Marketwire - March 29, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

CYGAM Energy Inc. ("CYGAM " or the " Company ") (TSX VENTURE:CYG) is pleased to announce that the Corporation has completed a debt financing by way of an unsecured Promissory Note (the "Note") with an insider of the Company.

The Note is in the amount of $900,000 and bears interest at eight percent per annum, payable at maturity. The principal terms of the Note include repayment within six months of the date of the Note, or within thirty days following a financing. CYGAM intends to use the proceeds of the Note for general working capital purposes.

About CYGAM Energy Inc.

CYGAM is a Calgary based exploration company with extensive international exploration permits and producing properties in Tunisia. The main focus of the Company is the acquisition, exploration and development of international oil and gas permits, primarily in Italy, Tunisia and the Mediterranean Basin. CYGAM currently holds various interests in seven exploratory permits in Italy and three exploratory permits in Tunisia encompassing approximately 2.7 million gross acres. Visit the CYGAM website at www.cygamenergy.com for more information about CYGAM.

Neither 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