E4 Energy Inc.
TSX VENTURE : EFE

E4 Energy Inc.

September 28, 2005 09:02 ET

E4 Energy Announces Bought Deal Equity Financing

CALGARY, ALBERTA--(CCNMatthews - Sept. 28, 2005) -

Not for distribution to the United States newswire services or for dissemination in the United States.

E4 Energy Inc. ("E4" or the "Company") (TSX VENTURE:EFE) is pleased to announce today that it has entered into an agreement to issue, on a "bought deal" private placement basis, 2,632,000 common shares of E4 at $1.90 per share and 2,041,000 flow through shares of E4 at $2.45 per share for gross proceeds of $10,001,250.

The shares will be issued through a syndicate of underwriters led by Canaccord Capital Corporation and including Tristone Capital Inc., Dundee Securities Corp. and Blackmont Capital Inc.

Closing of this private placement is scheduled for on or about October 20, 2005 and is subject to normal regulatory and stock exchange approvals. E4 has identified a significant number of drilling and other enhancement opportunities on its existing asset base, and the proceeds of the offering will be used to expand E4's capital program to capture these opportunities.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The common shares offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States absent registration or applicable exemption from the registration requirements of the U.S. Securities Act.

E4 Energy Inc. is a junior oil and gas company engaged in the exploration for, and development and production of natural gas and crude oil reserves primarily in the provinces of British Columbia and Alberta. E4's common shares trade on the TSX Venture Exchange under the symbol "EFE".

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

Contact Information

  • E4 Energy Inc.
    Paul Starnino
    President and Chief Executive Officer
    (403) 266-6747
    or
    E4 Energy Inc.
    Franco Civitarese
    Vice President Finance and Chief Financial Officer
    (403) 266-6747