Waldron Energy Corporation
TSX : WDN

Waldron Energy Corporation

February 18, 2011 08:07 ET

Waldron Energy Announces Closing of $5.0 Million Bought Deal Private Placement

CALGARY, ALBERTA--(Marketwire - Feb. 18, 2011) -

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

Waldron Energy Corporation (TSX:WDN) ("Waldron" or the "Corporation") is pleased to announce it has closed the previously announced $5.0 million bought deal financing (the "Offering") of common shares ("Common Shares") issued on a flow-through basis. Pursuant to the Offering, Waldron issued 1,334,000 Common Shares at a price of $3.75 per Common Share issued on a flow-through basis for gross proceeds of $5,002,500. The syndicate of underwriters was led by National Bank Financial Inc. and included Acumen Capital Partners, Desjardins Securities Inc., Haywood Securities Inc., Macquarie Capital Markets Canada Ltd. and Raymond James Ltd. The financing will provide the Corporation with additional capital for drilling in its core areas targeting Ellerslie, Glauconite and Belly River prospects. 

Waldron now has 31,679,478 Common Shares issued and outstanding (41,257,038 fully diluted).

Investor Information

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 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, Waldron has also recently updated its corporate presentation and you can find the new presentation under the Investor – Presentations page on our corporate website.    

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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