Twoco Petroleums Ltd.
TSX VENTURE : TWO

Twoco Petroleums Ltd.

September 15, 2010 18:26 ET

Twoco Petroleums Ltd. Announces Additional Debenture Exchange

CALGARY, ALBERTA--(Marketwire - Sept. 15, 2010) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES, TO UNITED STATES NEWSWIRE SERVICES OR TO UNITED STATES PERSONS.

Twoco Petroleums Ltd. ("Twoco" or the "Company") (TSX VENTURE:TWO) is pleased to announce that further to its press release dated September 3, 2010, it has entered into agreements with the holders of an additional $150,000 principal amount of its outstanding unsecured 17% debentures (the "Debentures") plus all interest accrued on such Debentures, to exchange such debentures for common shares of the Company (the "Common Shares"). The Debentures were exchanged for an aggregate of 675,561 Common Shares at a price of $0.23 per Common Share. Twoco has 58,625,108 Common Shares issued and outstanding and $2,780,000 principal amount of Debentures outstanding as at today's date.

Twoco is an oil and gas company engaged in the exploration for, and the acquisition, development and production of, oil and natural gas reserves primarily in the Province of Alberta.

This news release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States or to or for the account or benefit of US persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")), absent registration or an exemption from registration. The securities offered have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws.

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 this release.

Contact Information

  • Twoco Petroleums Ltd.
    Wayne A. Malinowski
    President and Chief Executive Officer
    (403) 231-8653
    (403) 237-6048 (FAX)