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News Release
Angle Energy Inc. To Trade On Toronto Stock Exchange
Angle Energy Inc. - (the "Company") - An application has been granted for the original listing in the Oil and Gas category of up to 43,034,731 common shares ("Common Shares") of which up to 38,594,074 Common Shares will be issued and outstanding and up to 4,440,657 Common Shares will be reserved for issuance.
Listing of the Common Shares will become effective at 5:01 p.m. on Friday, June 27, 2008 in anticipation of the public offering closing on Monday, June 30, 2008. The Common Shares will be posted for trading on Monday, June 30, 2008.
Stock Symbol: "NGL"
CUSIP: 034760 20 7
Trading Currency: CDN
Temporary Market Maker: GMP Securities L.P.
Other Markets: None.
Head Office Address: Suite 700, 324 8th Avenue SW
Calgary, AB T2P 2Z2
Website: www.angleenergy.com
Head Office Telephone Number: (403) 263-4534
Fax Number: (403) 263-4179
Investors Relations: Stuart Symon
Tel: (403) 263-4534 ext. 39
Email: stuarts@angleenergy.com
Chief Financial Officer: Stuart Symon
Corporate Secretary: Stuart Symon
Incorporation: The Company was incorporated under the Business Corporations Act (Alberta), on January 23, 2004 and underwent a name change to "Angle Energy Inc." on March 26, 2004.
Fiscal Year End: December 31
Nature of Business: The Company is involved in the exploration, development and production of oil and natural gas reserves in the province of Alberta.
Transfer Agent & Registrar: Valiant Trust Company at its principal office in Calgary, and BNY Trust Company of Canada, at its principal office in Toronto, as co-transfer agent and registrar.
Dividends: The Company has not paid any dividends on its Common Shares and currently intends to retain earnings to finance the expansion of its business and does not anticipate paying dividends in the foreseeable future.
Initial Public Offering: Pursuant to the terms of a final prospectus dated June 23, 2008, GMP Securities L.P., Tristone Capital Inc., BMO Nesbitt Burns Inc. and FirstEnergy Capital Corp., as underwriters, have agreed to sell 3,875,000 Common Shares of the Company at a price of $8.00 per Common Share.
