TransAtlantic announces closing of Cdn $113.5 million equity offering
/NOT FOR DISTRIBUTION TO
HAMILTON,
The offering of 44,043,390 Common Shares (Cdn$103.5 million) was underwritten by a syndicate of underwriters co-led by Canaccord Capital Corporation and Genuity Capital Markets and including
Concurrently with the Offering, the Corporation completed a non-brokered private placement of 750,000 Common Shares at the Offering Price for gross proceeds to the Corporation of approximately Cdn$1.76 million.
Upon closing of the Offering and the private placement, the Corporation has 302,685,456 Common Shares issued and outstanding.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the
This news release is directed at and is only being distributed in the
ABOUT TRANSATLANTIC
TransAtlantic Petroleum Ltd. is a vertically integrated, international energy company engaged in the acquisition, development, exploration, and production of crude oil and natural gas. The Corporation holds interests in developed and undeveloped oil and gas properties in
(NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.)
This news release contains statements regarding expectations, plans or information about future events that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect.
Although the Corporation believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Corporation can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by the Corporation and described in the forward-looking statements or information. These risks and uncertainties including but are not limited to the continuing ability of the Corporation to operate effectively internationally, reliance on current oil and gas laws, rules and regulations, volatility of oil and gas prices, fluctuations in currency and interest rates, imprecision of resource estimates, the results of exploration, development and drilling, imprecision in estimates of future production capacity, the possibility of unanticipated costs and expenses, changes in environmental and other regulations or the interpretation of such regulations, the ability to obtain necessary regulatory approvals, weather and general economic and business conditions.
The forward-looking statements or information contained in this news release are made as of the date hereof and the Corporation 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.
For further information: Matt McCann, Chief Executive Officer; Scott C. Larsen, President, Phone: (214) 220-4323, Internet: http://www.transatlanticpetroleum.com, Address: 5910 N. Central Expressway, Suite 1755, Dallas, Texas, 75206
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