Longview Oil Corp. Announces Closing Date for its Initial Public Offering and Listing Date for its Common Shares

/NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRES SERVICES OR DISSEMINATION IN THE UNITED STATES/

CALGARY, April 12 /CNW/ - Longview Oil Corp. ("Longview") is pleased to announce that it will be closing its $150 million initial public offering on Thursday, April 14, 2011 and the Longview common shares will commence trading on the Toronto Stock Exchange on that date.

The underwriting syndicate for the offering is co-led by RBC Capital Markets and FirstEnergy Capital Corp., and includes Scotia Capital Inc., BMO Capital Markets, National Bank Financial Inc., CIBC World Markets Inc. and Macquarie Capital Markets Canada Ltd.

In addition to the 15,000,000 common shares being issued on the initial public offering, Longview has granted to the underwriters an over-allotment option, exercisable for a period of 30 days from the date of closing of the offering, to purchase up to an additional 2,250,000 common shares at the offering price of $10.00 per common share to cover over-allotments, if any, and for market stabilization purposes. If the over-allotment option is exercised in full, gross proceeds of the offering will be $172.5 million.

Longview's common shares will be listed on the Toronto Stock Exchange under the symbol "LNV".

About Longview Oil Corp.

Longview was created to acquire certain oil-weighted assets of Advantage Oil & Gas Ltd. which are located in West Central Alberta, Southeast Saskatchewan and the Lloydminster area of Saskatchewan. Longview's business strategy is to provide shareholders with attractive long term returns that combine both growth and yield by exploiting its assets in a financially disciplined manner, acquiring additional long-life oil and gas assets of a similar nature and through the payment of a monthly dividend.

Advisories

Forward-Looking Information

This press release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Longview, including, without limitation, those listed under the headings "Forward-Looking Statements" and "Risk Factors" in Longview's final prospectus. Forward-looking information in this press release includes, but is not limited to, information concerning the proposed public offering, the anticipated dividends and dates for payment of such dividends, and timing for the commencement of trading of the common shares on the Toronto Stock Exchange. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results could differ materially from those expressed in, or implied by, such forward-looking information. Accordingly, prospective investors should not place undue reliance on the forward-looking information. The forward-looking information is made as of the date of this release and, other than as required by applicable securities laws, Longview does not assume any obligation to update or revise the forward-looking information to reflect new events or circumstances.

Residents of the United States

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States or to United States persons absent registration or any applicable exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

SOURCE Longview Oil Corp.

For further information:

Kelly Drader, President & Chief Executive Officer

Craig Blackwood, Chief Financial Officer

LONGVIEW OIL CORP.
700, 400 -3rd Avenue SW
Calgary, Alberta
T2P 4H2
Phone:  (403) 718-8000
Fax:      (403) 718-8300

Investor Relations
Toll free: 1-855-813-0313
Web Site: www.longviewoil.com
E-mail:  ir@longviewoil.com

Profil de l'entreprise

Longview Oil Corp.

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