Trident Resources Corp.

Trident Resources Corp.

November 27, 2006 15:42 ET

Trident Resources Corp. Closes Financing

CALGARY, ALBERTA--(CCNMatthews - Nov. 27, 2006) - Trident Resources Corp. ("TRC") and its wholly-owned subsidiary, Trident Exploration Corp. ("TEC") are pleased to announce that on Friday November 24, 2006, we closed a US $270 million term loan facility with Credit Suisse Securities (USA) LLC as the sole bookrunner and sole lead arranger.

Trident will use these proceeds to fully repay the principal and accrued interest on an existing US $125 million principal amount term loan facility, as well as to assist in funding the Company's development.

Trident is a natural gas exploration and development company, principally focused on natural gas from coal, also known as coal-bed methane, from resource plays in the Western Canadian Sedimentary Basin. Our principal properties are located in Alberta, Canada. We also explore for other unconventional natural gas resources plays, including tight gas and shale gas.

Contact Information

  • Trident Resources Corp.
    Paul O'Donoghue
    Corporate Secretary and Treasurer
    (403) 770-2686
    or
    Trident Exploration Corp.
    Brad Robertson
    Manager, Investor Relations
    (403) 770-3153