RSX Energy Inc.
TSX VENTURE : RSX

RSX Energy Inc.

May 24, 2006 10:17 ET

RSX Announces Closing of $17 Million Bought Deal Private Placement

CALGARY, ALBERTA--(CCNMatthews - May 24, 2006) -

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RSX Energy Inc. ("RSX" or the "Company")(TSX VENTURE:RSX) is pleased to announce that it has closed its previously announced bought deal private placement financing. The total gross proceeds of the financing, which includes the exercise in full of the underwriters' over-allotment option, were $17,000,003, resulting in the issuance of 4,657,535 common shares at a price of $3.65 per share. The financing syndicate was co-led by Raymond James Ltd. and Haywood Securities Inc. and included Acumen Capital Finance Partners Limited. RSX plans to use the net proceeds for its summer drilling program, for pipeline construction in the Hinton area and to partially repay its credit facility. The common shares issued under the financing are subject to resale restrictions until September 25, 2006.

RSX is a Calgary based company engaged in the exploration, development and production of oil and natural gas. The Company's common shares are listed on the TSX Venture Exchange under the trading symbol "RSX".

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

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