LEGACY OIL + GAS INC. ANNOUNCES CLOSING OF EQUITY FINANCING AND EXERCISE OF OVER-ALLOTMENT OPTION

/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./

CALGARY, Feb. 23 /CNW/ - Legacy Oil + Gas Inc. ("Legacy") (TSX: LEG) is pleased to announce that it has completed the bought-deal financing, previously announced on February 1, 2011, co-led by GMP Securities L.P. and Macquarie Capital Markets Canada Ltd., and included FirstEnergy Capital Corp., BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., Canaccord Genuity Corp., Cormark Securities Inc. and Raymond James Ltd. (collectively, the "Underwriters").  Under the financing, Legacy issued 9,355,000 shares ("Shares") for gross aggregate proceeds of $139.9 million.  The underwriting syndicate elected to exercise its over-allotment option in full with respect to the financing.

Legacy is a uniquely positioned, well‐capitalized, technically driven, intermediate oil and natural gas company with a proven management team committed to aggressive, cost‐effective growth of light oil reserves and production in large hydrocarbon in‐place assets and resource plays. Legacy's common shares trade on the Toronto Stock Exchange under the symbol LEG.

This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, any securities in the United States, nor shall there be any sale of securities mentioned in this press release in any state in the United States in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.


SOURCE Legacy Oil + Gas Inc.

For further information:

Trent J. Yanko, P.Eng.
President + CEO

Legacy Oil + Gas Inc.
3900, Bow Valley Square II
205 - 5th Avenue S.W.
Calgary, AB T2P 2V7

Telephone: 403.441.2300
Fax: 403.441.2017
Matt Janisch, P.Eng.
Vice-President, Finance + CFO

Legacy Oil + Gas Inc.
3900, Bow Valley Square II
205 - 5th Avenue S.W.
Calgary, AB T2P 2V7

Telephone: 403.441.2300
Fax: 403.441.2017

Profil de l'entreprise

Legacy Oil + Gas Inc.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.