Sierra Vista Energy Ltd.

Sierra Vista Energy Ltd.

October 06, 2005 09:00 ET

Sierra Vista Energy Ltd. Announces Filing of Final Prospectus

CALGARY, ALBERTA--(CCNMatthews - Oct. 6, 2005) -

Not for dissemination in the United States or to U.S. persons

Sierra Vista Energy Ltd. ("Sierra Vista" or the "Corporation") is pleased to announce it has filed and received a receipt for a final prospectus with the securities regulatory authorities in Alberta, British Columbia and Ontario in connection with its Initial Public Offering ("IPO"). The Corporation is also pleased to announce that it has increased the size of its previously announced IPO by an additional 2,000 flow-through units ("Units"). The maximum issue is now 12,000 Units for total gross proceeds of $12,000,000. The sole agent for this financing, Dundee Securities Corporation, has been granted the option to offer for sale up to an additional 1,000 Units.

The closing of the offering is expected to occur on or about October 13th, 2005 and the listing of the Class A and Class B Shares on the TSX Venture Exchange is expected to occur approximately one week thereafter under trading symbols SVR.a and SVR.b.

Sierra Vista is an Alberta-based company formed to participate in oil and natural gas exploration, development production and acquisitions in Western Canada. Sierra Vista currently has eight strategic farm-in's focusing on the Peace River Arch and South Central Alberta area. The Company has 15 drill-ready multi-zone locations on approx 13,000 acres with additional follow-up opportunities.

Forward-Looking statements: This document contains statements about future events that are forward looking in nature and, as a result, are subject to certain risks and uncertainties such as changes in plans or the occurrence of unexpected events. Actual results may differ from the estimates provided by management.

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

Contact Information

  • Sierra Vista Energy Ltd.
    Mr. Mark Malouin
    President & Chief Executive Officer
    (403) 265-9393 x201
    (403) 215-9254 (FAX)