NuLoch Resources Inc.

NuLoch Resources Inc.

November 24, 2006 15:35 ET

NuLoch Agrees to $2.0 Million Equity Financing

CALGARY, ALBERTA--(CCNMatthews - Nov. 24, 2006) -

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

NuLoch Resources Inc. (TSX VENTURE:NLR.A)(TSX VENTURE:NLR.B)(the Company) announces it has entered into an agency agreement with GMP Securities L.P. (the Agent) to issue up to 1,538,500 Class A flow-through common shares at a price of $1.30 per share for gross proceeds of $2.0 million.

Completion of this transaction is subject to receipt of all necessary regulatory approvals and is expected to close on or about December 19, 2006.
The flow-through shares issued will be subject to a four month hold from the date of closing.

Net proceeds from this offering will be used to finance NuLoch's capital program.

Upon completion of this financing, and assuming it is fully subscribed, NuLoch will have approximately 15,004,695 Class A common shares and 652,500 Class B common shares issued and outstanding.

Forward-Looking Statements

Certain information in this document contains forward-looking statements in respect of events that are subject to numerous risks and uncertainties. No assurance can be given that events anticipated by the forward-looking statements will occur or as to what benefit the Company may derive therefrom.

Contact Information

  • NuLoch Resources Inc.
    James N. McIndoe
    President and CEO
    (403) 920-0455
    (403) 920-0457 (FAX)
    NuLoch Resources Inc.
    2200, 444 - 5th Avenue SW
    Calgary, Alberta T2P 2T8