Sierra Vista Energy Ltd.
TSX VENTURE : SVR.A
TSX VENTURE : SVR.B

Sierra Vista Energy Ltd.

December 01, 2006 18:01 ET

Sierra Vista Provides Prospectus Update

CALGARY, ALBERTA--(CCNMatthews - Dec. 1, 2006) -

NOT FOR DISTRIBUTION IN THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Sierra Vista Energy Ltd., (TSX VENTURE:SVR.A) (TSX VENTURE:SVR.B) ("Sierra Vista" or the "Corporation"), announced today that the TSX Venture Exchange (the "Exchange") issued a bulletin on November 30, 2006 confirming the filing and acceptance of the Corporation's short form prospectus dated November 21, 2006. As previously announced, the offering consisted of 1,675,000 Class A Shares ("Common Shares") issued on a flow-through basis and 4,475,000 Units. Each Unit consists of one Common Share and one Common Share Purchase Warrant ("Warrant"). Each Warrant may be exercised at a price of $1.25 per Common Share and will expire at 4:00 p.m. (MDT) on December 15, 2007. The Corporation has been advised by the Exchange that the Warrants will not be listed for trading due to insufficient distribution.

Sierra Vista is a junior oil and gas company engaged in the exploration for, and development and production of, crude oil and natural gas focusing in the Peace River Arch and South Central regions of Alberta. The Corporation's shares trade on the TSX Venture Exchange under the symbols "SVR.A" and "SVR.B".

This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction. The Sierra Vista shares and Warrants have not been nor will be registered under the United States Securities Act of 1933, and they may not be offered or sold in the United States absent registration or an exemption from registration.

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

Contact Information

  • Sierra Vista Energy Ltd.
    Mr. Mark Malouin
    President & CEO
    (403) 265-9393 ext 201
    (403) 265-9224 (FAX)
    or
    Sierra Vista Energy Ltd.
    Mr. Bruce Stewart
    Chief Financial Officer
    (403) 265-9393 ext 205
    (403) 265-9224 (FAX)
    or
    Sierra Vista Energy Ltd.
    Suite 850, 101 - 6th Avenue SW
    Calgary, Alberta T2P 3P4
    Website: www.sierravista.ca