Media Advisory - Raymond James Ltd has acquired common shares of LGX Oil + Gas Inc.

TORONTO, Dec. 24, 2012 /CNW/ - Raymond James Ltd., ("Raymond James") the Canadian arm of North American investment dealer Raymond James Financial, Inc., wishes to advise that it has acquired 9,631,250 common shares of LGX Oil + Gas Inc. (the "Corporation") in connection with a short-form prospectus offering which closed on November 7, 2012. Prior to the offering, Raymond James had acquired 98,500 shares of the Corporation.

In connection with the offering, Raymond James holds 9,729,750 common shares of the Corporation, representing approximately 10.974% of the issued and outstanding shares of the Corporation. Raymond James acquired these securities for investment purposes and may acquire additional securities of the Corporation in the future for investment purposes.

A copy of the Early Warning Report filed in connection with shareholdings of Raymond James in the Corporation may be found at www.sedar.com under the Corporation's profile.

About Raymond James Ltd.

Raymond James Ltd. is the Canadian arm of Raymond James Financial, Inc., one of North America's leading full service investment dealers. The firm offers an extensive range of professional investment services and products including: private client services, financial and estate planning, portfolio management, insurance, equity research, investment banking and institutional sales and trading. Through its network of approximately 6,300 Financial Advisors across Canada, the United States and key international centers, Raymond James serves over 2 million clients and manages more than $390 billion in client assets under administration. For more information about Raymond James, please visit our web site at: www.raymondjames.ca.

SOURCE: Raymond James Ltd.

For further information:

Peter Kahnert
Senior Vice President, Corporate Communications & Marketing
Raymond James Ltd.
Tel: (416) 777-7063