NuLoch Resources Inc.

NuLoch Resources Inc.

November 28, 2006 18:30 ET

NuLoch Expands Equity Financing to $2.25 Million

CALGARY, ALBERTA--(CCNMatthews - Nov. 28, 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) has expanded its previously announced private placement of Class A common shares (the Shares) by 192,300 Shares. The Company has agreed to issue up to a total of 1,730,800 Shares on a flow-through basis at $1.30 per share for gross proceeds of $2,250,040. GMP Securities L.P. is acting as agent for this placement.

Completion of this transaction is subject to receipt of all necessary regulatory approvals and is expected to close on or about December 12, 2006.
The flow-through shares issued will be subject to a four month hold from the date of closing.

Upon completion of this financing, NuLoch will have approximately 15,196,995 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.

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

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