Triton Energy Corp.
TSX VENTURE : TEZ

Triton Energy Corp.

December 19, 2008 12:57 ET

Triton Announces Closing of Bought Deal Private Placement Financing

CALGARY, ALBERTA--(Marketwire - Dec. 19, 2008) - Triton Energy Corp. ("Triton" or the "Corporation") (TSX VENTURE:TEZ) announces that it has closed its previously announced bought deal private placement by the issuance of 7,856,500 flow-through common shares at a price of $0.375 per share for aggregate gross proceeds of $2,946,187.50. The private placement was underwritten by Acumen Capital Finance Partners Limited, who received a commission of six percent of the gross proceeds.

The flow-through common shares issued under the private placement will be subject to a four-month hold period expiring April 20, 2009.

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