Triton Energy Corp.
TSX VENTURE : TEZ

Triton Energy Corp.

September 24, 2007 08:59 ET

Triton Announces $4 Million Bought Deal Private Placement Financing

CALGARY, ALBERTA--(Marketwire - Sept. 24, 2007) - Triton Energy Corp. (TSX VENTURE:TEZ) ("Triton" or the "Corporation") announces it has entered into a private placement financing agreement, on a bought-deal basis, with a syndicate of underwriters led by Acumen Capital Finance Partners Limited and including Canaccord Capital Corporation and CIBC World Markets Inc. Under the terms of the agreement, Triton will issue by way of a private placement 5,555,556 common shares on a flow-through basis at $0.72 per flow-through share for gross proceeds of approximately $4 million. The private placement is expected to close on or about October 16, 2007, and is subject to receipt of all necessary regulatory approvals and other customary conditions. Proceeds from the private placement will be used to finance Triton's ongoing exploration activities.

Triton is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "TEZ".

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

Contact Information

  • Triton Energy Corp.
    Michael S. Zuber
    President & CEO
    (403) 266-5541 ext. 222
    (403) 266-5579 (FAX)
    Email: mzuber@tritonenergy.ca
    or
    Triton Energy Corp.
    Dean J. Schultz
    Vice President, Finance & CFO
    (403) 266-5541 ext. 229
    (403) 266-5579 (FAX)
    Email: dschultz@tritonenergy.ca