Donnybrook Energy Inc.

Donnybrook Energy Inc.

November 15, 2011 12:19 ET

Donnybrook Energy Inc. Closes $12 Million Bought Deal Equity Financing

CALGARY, ALBERTA--(Marketwire - Nov. 15, 2011) -


Donnybrook Energy Inc. ("Donnybrook" or the "Company")(TSX VENTURE:DEI) announces that it has closed its previously announced equity financing by way of a short form prospectus on a bought deal basis by completing the sale of 8,000,000 common shares of the Company ("Common Shares") at a price of $0.50 per Common Share and 13,800,000 common shares of the Company to be issued as "flow-through shares" within the meaning of the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $0.58 per Flow-Through Share, resulting in gross proceeds of approximately $12 million (the "Offering"). The Offering was completed through a syndicate of underwriters led by Dundee Securities Ltd. and including GMP Securities L.P. and Fraser Mackenzie Limited (collectively, the "Underwriters"). After the issuance of the foregoing, Donnybrook has approximately 193.6 million Common Shares issued and outstanding.

The net proceeds of the Offering will be used to fund capital expenditures, operations and development of the Company's properties and for general working capital purposes in connection with the Company's Bigstone and Simonette wells and the gross proceeds from the issuance of the Flow-Through Shares will be used to incur qualifying Canadian exploration expenses, each as further described in the prospectus of the Company dated November 4, 2011 and available on the Company's SEDAR profile at

Further information relating to the Company is also available on its website at


Malcolm F.W. Todd, President and Chief Executive Officer

This news release is not for dissemination or distribution in the United States, to United States news wire services or to United States persons. This news release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States or to or for the account or benefit of US persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")), absent registration or an exemption from registration. The securities offered have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws. 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.


Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"), including statements regarding the use of the proceeds of the Offering. The intended use of net proceeds of the Offering by Donnybrook might change if the board of directors of Donnybrook determines it would be in the best interest of Donnybrook to deploy the proceeds for another purpose. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Donnybrook's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, operational risks in exploration and development, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Donnybrook believes that the expectations in our forward-looking statements are reasonable, our forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward looking information. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our management's discussion and analysis, Annual Information Form and other documents available at As such, readers are cautioned not to place undue reliance on the forward looking information, as no assurance can be provided as to future results, levels of activity or achievements. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Donnybrook does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

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.

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