VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2011) - Troy Energy Corp. (TSX VENTURE:TEG.H) (the "Corporation" or "Troy") announces its intention to conduct a private placement financing of up to 3,000,000 common shares at a price of $0.15 per share for aggregate gross proceeds of up to $450,000. In accordance with applicable securities laws, the common shares issued under this offering will be subject to four-month hold periods. The proceeds from this offering will be used for restructuring costs and for general working capital purposes.
Forward Looking Statements
Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
Neither 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 the release.
Contact Information:
James Owen
President and Chief Executive Officer
(604) 684-9201
(604) 684-9877 (FAX)