NAL Energy Corporation

NAL Energy Corporation

June 20, 2011 23:44 ET

NAL Energy Corporation Announces At-The-Market Program

CALGARY, ALBERTA--(Marketwire - June 20, 2011) - NAL Energy Corporation ("NAL" or the "Corporation") (TSX:NAE) is pleased to announce that it has entered into an equity distribution agreement with Canaccord Genuity Corp., as NAL's sole and exclusive agent (the "Agent"), dated June 20, 2011 (the "Agreement") which will permit the Corporation to periodically distribute, in aggregate, up to 5,000,000 common shares until June 12, 2013. To date, no common shares have been distributed by NAL pursuant to the Agreement.

Sales of common shares, if any, pursuant to the Agreement will be made in transactions that are deemed to be "at-the-market distributions", including sales made directly on the Toronto Stock Exchange. The common shares will be distributed at market prices prevailing at the time of sale and, as a result, prices may vary between purchasers and during the period of distribution. The net proceeds of any given distribution of common shares will be used to repay certain outstanding indebtedness, which indebtedness was incurred to repay indebtedness assumed upon the completion of acquisitions, to fund exploration, development and potential acquisition activities and for general corporate purposes. The volume and timing of sales, if any, will be at NAL's discretion.

The distribution of common shares pursuant to the Agreement has been qualified by the filing of a prospectus supplement dated June 20, 2011 (the "Prospectus Supplement") to NAL's short form base shelf prospectus dated May 12, 2011 (the "Shelf Prospectus") with the securities regulatory authorities in each of the provinces of Canada. The Shelf Prospectus and Prospectus Supplement are available on SEDAR, or alternatively, can be obtained by contacting NAL by email at: or by telephone at: 403.294.3620.


This press release contains statements that constitute "forward-looking information" within the meaning of applicable securities legislation. Forward looking information is typically identified by words such as "anticipate", "estimate", "expect", "forecast", "may", "will", "could", "plan", "intend", "should", "believe", "outlook", "project", "potential", "target" and similar words suggesting future events or future performance. This press release contains forward-looking information pertaining to, among other things, the anticipated sale and distribution of common shares, the anticipated use of proceeds from the sale of common shares and the volume and timing of the sale and distribution of common shares.

Various assumptions were used in drawing the conclusions or making the forecasts contained in the forward-looking information contained in this press release. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by NAL and described in the forward-looking information contained in this press release. Undue reliance should not be placed on forward-looking information.

Forward-looking information is based on the estimates and opinions of NAL's management at the time the information is released. Except as may be required by law, NAL assumes no obligation to update publicly any such forward-looking information and statements, whether as a result of new information, future events, or otherwise.


NAL Energy Corporation generates returns for its shareholders by pursuing a strategy of acquiring, developing, producing and selling crude oil, natural gas and natural gas liquids from pools in southeastern Saskatchewan, central Alberta, and northeastern British Columbia.

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