Donnybrook Energy Inc.
TSX VENTURE : DEI

Donnybrook Energy Inc.

December 10, 2010 17:41 ET

Donnybrook Energy Inc.: $3,000,000 Private Placement

CALGARY, ALBERTA--(Marketwire - Dec. 10, 2010) - Donnybrook Energy Inc. (TSX VENTURE:DEI) -

NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Further to the Company's news release of December 8, 2010, Malcolm Todd, Chief Executive Officer of Donnybrook Energy Inc. reports that the Company has increased its non-brokered private placement from $2,000,000 to up to $3,000,000. These funds will be raised through the issuance of a combination of flow-through shares ("FT Share") at a price of $0.475 per FT Share, and non-flow-through units ("NFT Unit") at a price of $0.40 per NFT Unit. Each NFT Unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder, on exercise, to acquire one non-flow-through common share for a period of 12 months, at a price of $0.55 per common share.

Fees and commissions will be payable in connection with the private placement. The private placement is subject to the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DONNYBROOK ENERGY INC.

Malcolm Todd, Chief Executive Officer

NEITHER THE 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 NEWS RELEASE.

Contact Information

  • Donnybrook Energy Inc.
    Malcolm Todd
    Chief Executive Officer
    (604) 684-2356
    (604) 684-4265 (FAX)