Waldron Energy Corporation
TSX : WDN

Waldron Energy Corporation

July 19, 2012 09:14 ET

Waldron Announces Increase to Private Placement Financing

CALGARY, ALBERTA--(Marketwire - July 19, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Waldron Energy Corporation (TSX:WDN) ("Waldron" or the "Corporation") announces that it has increased the previously announced non-brokered private placement to a maximum of 5,701,800 common shares on a flow-through basis ("Flow-Through Shares") at $0.57 per share for gross proceeds of approximately $3.25 million. Directors and officers have committed to approximately $1 million of the private placement. All other terms and conditions of the financing remain the same as previously announced. The private placement is expected to close on or about July 25, 2012 and is subject to approval of the Toronto Stock Exchange, receipt of all necessary regulatory approvals and other customary conditions.

Waldron is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas. The Corporation's common shares are currently listed on the Toronto Stock Exchange under the trading symbol "WDN." Additional information regarding Waldron is available under the Corporation's profile at www.sedar.com or at the Corporation's website, www.waldronenergy.ca.

This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, any securities in the United States, nor shall there be any sale of securities mentioned in this press release in any state in the United States in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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