Triton Energy Corp.
TSX VENTURE : TEZ

Triton Energy Corp.

September 25, 2007 13:02 ET

Triton Increases Financing to $5 Million

CALGARY, ALBERTA--(Marketwire - Sept. 25, 2007) - Triton Energy Corp. (TSX VENTURE:TEZ) ("Triton" or the "Corporation") is pleased to announce that it has agreed with the underwriters to increase the size of its previously announced private placement of common shares to be issued on a flow-through basis ("Flow-Through Shares") by $1 million to approximately $5 million. Triton has agreed to issue a total of 6,944,500 Flow-Through Shares pursuant to the private placement at a price of $0.72 each.

Acumen Capital Finance Partners Limited is leading the underwriting syndicate, which includes Canaccord Capital Corporation and CIBC World Markets Inc. 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