Trident Resources Corp.

Trident Resources Corp.

August 21, 2007 15:56 ET

Trident Resources Corp. Closes Financing

CALGARY, ALBERTA--(Marketwire - Aug. 21, 2007) - Trident Resources Corp. ("TRC") and its primary subsidiary, Trident Exploration Corp. ("TEC") are pleased to announce that they have closed a CDN $120 million facility. The financing is in the form of a subordinated unsecured loan with detachable warrants to acquire common stock of TRC. The facility was provided by a number of large existing investors in TRC's common stock. Trident will use these proceeds to assist in funding its drilling and development program for 2007 and 2008.

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

Contact Information

  • Trident Exploration Corp.
    Brad Robertson, CA
    Manager, Investor Relations
    (403) 770-3153