Wild Stream Exploration Inc.
TSX VENTURE : WSX

September 21, 2010 08:05 ET

Wild Stream Exploration Inc. Announces a $30,315,000 Bought Deal Financing

CALGARY, ALBERTA--(Marketwire - Sept. 21, 2010) - 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Wild Stream Exploration Inc. ("Wild Stream" or the "Company") (TSX VENTURE:WSX) is pleased to announce Wild Stream has entered into an agreement with a syndicate of underwriters, led by National Bank Financial Inc. and including Peters & Co. Limited, Paradigm Capital Inc, FirstEnergy Capital Corp. and GMP Securities L.P. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought deal basis, 4,700,000 common shares of Wild Stream ("Common Shares") at a price of $6.45 per share for gross proceeds of $30,315,000 (the "Financing"). In addition, the Underwriters have been granted an over-allotment option, exercisable for a period of 30 days following closing of the Financing, to purchase a further 470,000 Common Shares, at a price of $6.45 per share for additional gross proceeds of $3,031,500. 

The net proceeds will be used to increase the 2010/11 capital exploration and development program and for general corporate purposes. Closing of the Financing is expected to occur on or about October 12, 2010, subject to customary conditions and regulatory approvals, including the approval of the TSX Venture Exchange (the "TSXV").

WARNING

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities law and may not be offered or sold in the United States absent registration or applicable exemption from those registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. The use of any of the words "current", "scheduled", "will", "prior to", "estimate", "anticipate", "believe", "potential", "should", "forecast", "future", "continue", "may", "expects", "project", and similar expressions are intended to identify forward-looking statements.

Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals or satisfy the conditions to closing the Financing. Certain of these risks and others applicable to Wild Stream are set out in more detail in Wild Stream's Annual Information Form which has been filed on SEDAR and can be accessed at www.sedar.com.

Although Wild Stream believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because Wild Stream can give no assurance that they will prove to be correct.

The forward-looking statements contained in this document are made as of the date hereof and Wild Stream undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the 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

  • WILD STREAM EXPLORATION INC.
    Mr. Neil Roszell
    President and Chief Executive Officer
    (403) 767-1250
    (403) 232-8083 (FAX)
    or
    WILD STREAM EXPLORATION INC.
    Mr. Jerry Sapieha, CA
    Vice President, Finance and Chief Financial Officer
    (403) 767-1265
    (403) 232-8083 (FAX)