Dalmac Energy Inc.
TSX VENTURE : DAL

Dalmac Energy Inc.

November 03, 2005 09:00 ET

Dalmac Announces Proposed $2,500,000 Private Placement

EDMONTON, ALBERTA--(CCNMatthews - Nov. 3, 2005) - John Babic, President and CEO of Dalmac Energy Inc. ("Dalmac") (TSX VENTURE:DAL) announces that it has engaged Northern Securities Inc. (the "Agent") as its lead agent and to form a syndicate of agents including Wolverton Securities Ltd. as co-lead agent in a private placement of units (the "Units") to raise up to $2,500,000. The closing of the private placement is expected to be completed on or before the close of business November 30, 2005. Proceeds of the private placement will be used for general working capital purposes.

Pursuant to the private placement, Units offered will be priced within the context of the market. Each Unit consists of one common share and one half of one common share purchase warrant. Each whole Warrant will be exercisable into one Common Share for a period of 18 months from Closing. In addition, Dalmac has granted the Agent an over-allotment option to sell up to an additional $500,000 in Units. The option may be exercised within thirty days of Closing.

The Offering is subject to the receipt of all necessary approvals including all regulatory and stock exchange approvals. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an application exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Statements throughout this report that are not historical facts may be considered "forward looking statements". Such statements are based on current expectations that involve risks and uncertainties, which could cause actual results to differ from those anticipated. Important factors that can cause anticipated outcomes to differ materially from actual outcomes include the impact of general economic conditions, industry conditions, competition from other industry participants, volatility of petroleum prices, the ability to attract and retain qualified personnel, changes in laws or regulations, currency fluctuations, continued ability to access capital from available facilities and environmental risks. References in this MD&A to "Dalmac", the "Corporation", "Company", "us", "we" and "our" mean Dalmac Energy Inc. and its subsidiaries 750761 Alberta Ltd. And McClelland Oil Services Inc.


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

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