Regal Energy Ltd.
TSX VENTURE : REG

Regal Energy Ltd.

December 21, 2006 17:43 ET

Regal Energy Announces Expiry of Rights Offering and Sale of Shares

CALGARY, ALBERTA--(CCNMatthews - Dec. 21, 2006) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA

Regal Energy Ltd. ("Regal" or the "Company") (TSX VENTURE:REG) announces that its previously announced rights offering has now expired. The Company issued a total of 1,660,078 common shares at a price of $0.20 per common share for total gross proceeds of $332,015.60. The gross proceeds have been added to general working capital.

Issued and Outstanding Common Shares: 33,952,590

The TSX Venture has not reviewed and does not accept any responsibility for the adequacy or accuracy of this release.

Contact Information

  • Regal Energy Ltd.
    Douglas O. McNichol
    President and Chief Executive Officer
    (403) 509-2581
    Email: dmcnichol@regalenergy.ca
    or
    Regal Energy Ltd.
    Wayne R. Wilson
    Vice President Finance and Chief Financial Officer
    (403) 509-2584
    Email: wwilson@regalenergy.ca
    or
    Regal Energy Ltd.
    Suite 1520, Life Plaza
    734 - 7th Avenue S.W.
    Calgary, Alberta T2P 3P8