TRIPLE 8 ENERGY LTD.
TSX VENTURE : TEE

May 27, 2009 16:45 ET

Triple 8 Energy Announces Amendment to Warrants

CALGARY, ALBERTA--(Marketwire - May 27, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

Triple 8 Energy Ltd. (the "Corporation") (TSX VENTURE:TEE) announced today that it has filed an application with the TSX Venture Exchange ("TSXV") to extend the term of certain common share purchase warrants of the Corporation ("Warrants") by four years. The Warrants entitle the holder thereof to purchase one common share at a price of $0.55 per share and are currently set to expire on July 2, 2009. The Warrants were issued on July 7, 2008 pursuant to a non-brokered private placement offering of 2,000,000 units of the Corporation ("Units") at a price of $0.37 per Unit. Each Unit consisted of one common share and one Warrant.

The board of directors of the Corporation has approved an amendment to the Warrants to extend the expiry date of all of the Warrants to July 2, 2013. This amendment is subject to the approval of the TSXV. None of the Warrants have been exercised as of the date hereof.

This news release will not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. Such securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States, or to a U.S. person, absent registration, or an applicable exemption therefrom.

Advisory Respecting Forward-Looking Statements:

This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends", "confident", "might" and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this news release contains forward-looking information and statements pertaining to the extension of the expiry date of the Warrants and other expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results of operations or performance. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release.

The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated and described in the forward-looking statements. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements.

The foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and the corporation assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Triple 8 Energy Ltd.
    Dickson P. Chow
    President and Chief Executive Officer
    (403) 269-3091