Trimox Energy Inc.
TSX VENTURE : TRM.A
TSX VENTURE : TRM.B

Trimox Energy Inc.

September 09, 2005 09:00 ET

Trimox Energy Inc. Announces $4,950,000 Bought-Deal Financing

CALGARY, ALBERTA--(CCNMatthews - Sept. 9, 2005) -

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

Trimox Energy Inc. ("Trimox" or the "Company") (TSX VENTURE:TRM.A) (TSX VENTURE:TRM.B) is pleased to announce that it has entered into a firm bought-deal financing agreement with FirstEnergy Capital Corp. to issue 2,200,000 Class A shares at an issue price of $2.25 per share for total gross proceeds of $4,950,000. Certain directors, officers and employees will purchase approximately $550,000 (11%) of the financing. Closing of the financing is subject to receipt of all necessary regulatory and stock exchange approvals and is expected to close on or about October 4, 2005.

The Class A shares issued pursuant to the private placement will be subject to a four month hold period from the date of closing.

Proceeds from this offering will be used to expand and accelerate Trimox's development of its core properties at Retlaw, Worsley and Niton.

Upon closing, the Company will have 12,200,000 Class A shares and 450,000 Class B shares outstanding.

Trimox trades on the TSX Venture Exchange under the symbols "TRM.A" and "TRM.B".

This press release does not constitute an offer to sell the securities in the United States. The securities offered have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

This news release contains forward looking information. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements.

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

Contact Information

  • Trimox Energy Inc.
    Steve Dabner
    President & C.E.O.
    (403) 216-1721
    Email: steved@trimox.ca
    or
    Trimox Energy Inc.
    Thomas Love
    Chairman & C.F.O.
    (403) 216-1722
    Email: toml@trimox.ca