Triton Announces $5M Bought Deal Private Placement Financing
Triton Energy Corp. has entered into a private placement financing agreement, on a bought-deal basis, with a syndicate of underwriters led by Acumen Capital Finance Partners Limited and including Canaccord Capital Corporation, CIBC World Markets Inc. and Blackmont Capital Inc. Under the terms of the agreement, Triton will issue by way of a private placement 2,439,024 common shares on a flow-through basis at $2.05 per flow-through share for gross proceeds of approximately $5 million. The private placement is expected to close on or about March 13, 2007, and is subject to receipt of all necessary regulatory approvals and other customary conditions. Proceeds from the private placement will be used to finance Triton's ongoing exploration activities.
Triton 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 TSX Venture Exchange under the trading symbol "TEZ".
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