SignalEnergy Inc.

November 18, 2005 23:59 ET

SignalEnergy Announces Private Placement

CALGARY--(CCNMatthews - Nov. 18) - SignalEnergy Inc. ("SignalEnergy") ("SGI - TSX") is pleased to announce that it is undertaking a private placement offering of up to 1,974,000 common shares on a flow-through basis at a price of $1.52 per share, for gross proceeds of approximately $3,000,000. The private placement is subject to receipt of all necessary regulatory approvals.

SignalEnergy is a Calgary-based, junior resource company engaged in the exploration, development and production of natural gas and oil. The common shares are listed on the Toronto Stock Exchange under the symbol SGI.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The Common Shares will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Contact Information

  • SignalEnergy Inc.
    Mr. J. Cameron Bailey
    President and Chief Executive Officer
    (403) 290-2450
    (403) 398-3366 (FAX)