Legacy Oil + Gas Inc.
TSX VENTURE : GLM.A

Legacy Oil + Gas Inc.

November 24, 2009 13:59 ET

Legacy Oil + Gas Inc. Qualifies Special Warrants

CALGARY, ALBERTA--(Marketwire - Nov. 24, 2009) - Legacy Oil + Gas Inc. ("Legacy") (TSX VENTURE:GLM.A) announces that it has obtained a receipt for a final prospectus qualifying for distribution 68,750,000 class A shares issuable pursuant to the exercise of the 68,750,000 outstanding special warrants of Legacy. Each special warrant will be deemed to be exercised to acquire one class A share for no additional consideration on November 30, 2009.

The special warrants were originally issued pursuant to the unit financing completed by Legacy on November 2, 2009 and pursuant to subscription receipts that were converted upon completion of the acquisition of Connaught Energy Ltd. on November 6, 2009.

Legacy is a uniquely positioned, well-capitalized junior oil and natural gas company with a proven management team committed to aggressive, cost-effective growth of light oil reserves and production in Saskatchewan and Manitoba. Legacy's class A shares trade on the TSX Venture Exchange under the symbol GLM.A.

This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, any securities in the United States, nor shall there be any sale of securities mentioned in this press release in any state in the United States in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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 RELEASE.

Contact Information

  • Legacy Oil + Gas Inc.
    Trent J. Yanko, P.Eng.
    President + CEO
    (403) 441-2300
    (403) 441-2017 (FAX)
    or
    Legacy Oil + Gas Inc.
    Matt Janisch, P.Eng.
    Vice-President, Finance + CFO
    (403) 441-2300
    (403) 441-2017 (FAX)
    or
    Legacy Oil + Gas Inc.
    3900, Bow Valley Square II
    205 - 5th Avenue S.W.
    Calgary, AB T2P 2V7
    www.legacyoilandgas.com