TRAFINA Energy Ltd.

TRAFINA Energy Ltd.

December 20, 2007 12:00 ET

TRAFINA Announces Normal Course Issuer Bid

CALGARY, ALBERTA--(Marketwire - Dec. 20, 2007) - TRAFINA Energy Ltd. (TSX VENTURE:TFA.A) announces that the TSX Venture Exchange has accepted TRAFINA's Notice of Intention to purchase its common shares from time to time in accordance with the normal course issuer bid procedures under Canadian securities laws.

Pursuant to the normal course issuer bid, TRAFINA may purchase for cancellation up to 289,000 of its common shares, representing approximately 5.0% of the 5,782,472 common shares issued and outstanding, during the twelve month period commencing December 20, 2007 and ending December 19, 2008. The brokerage firm conducting the normal course issuer bid on behalf of TRAFINA is J.F.Mackie & Company Ltd.

TRAFINA has initiated the normal course issuer bid because TRAFINA believes that recent market prices of its common shares do not properly reflect the underlying value of TRAFINA. The normal course issuer bid is intended to provide liquidity for those shareholders who wish to dispose of shares, and to enhance the potential future value of the shares which remain outstanding.

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

Contact Information

  • TRAFINA Energy Ltd.
    Roland T. Valentine
    Chairman & CEO
    (403) 263-0800
    (403) 263-0811 (FAX)