Dalmac Energy Inc.
TSX VENTURE : DAL

Dalmac Energy Inc.

September 27, 2005 17:06 ET

Dalmac Energy Completes Short Form Offering

CALGARY, ALBERTA--(CCNMatthews - Sept. 27, 2005) - Dalmac Energy Inc. (TSX VENTURE:DAL) is pleased to announce that it has completed its Short Form Offering of 1,428,571 units at a price of $0.70 per unit, for total proceeds of $1,000,000. Each unit consists of one common share and one-half share purchase warrant; each whole share purchase warrant entitles the holder to purchase one additional common share at a price of $0.85 per share if exercised by September 27, 2007. Wolverton Securities Ltd. acted as the agent for this financing. The Corporation has granted options to purchase a total of 142,857 units at a price of $0.70 per unit as part of the agent's compensation in connection with this Offering.

The net proceeds from this financing will be used to assist in the funding of the acquisition of two N2 pumping units to be used in the Corporation's operations.

DALMAC ENERGY INC.

Per: (Signed) "John Babic"

JOHN BABIC

President

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

Contact Information

  • Dalmac Energy Inc.
    John Babic
    President
    (780) 909-4220
    (780) 465-0199 (FAX)
    Email: jbabic@allstream.net