CALGARY, Aug. 30, 2012 /CNW/ - (TSX: BXE) Bellatrix Exploration Ltd.
("Bellatrix" or the "Company") announces that it has filed an Original
Listing Application to list the Company's common shares on the NYSE
MKT. In connection with the filing of the Original Listing Application,
Bellatrix intends to file a Registration Statement on Form 40-F with
the United States Securities and Exchange Commission.
Bellatrix is proceeding with the application to obtain a listing on the
NYSE MKT as the Company believes that it will result in improved
liquidity for all of Bellatrix's shareholders and greater future access
to U.S. capital markets.
Obtaining a listing on the NYSE MKT is conditional on Bellatrix being
able to satisfy all listing conditions of the NYSE MKT.
The Company's current corporate presentation is available at www.bellatrixexploration.com.
Bellatrix Exploration Ltd. is a Western Canadian based growth oriented
oil and gas company engaged in the exploration for, and the
acquisition, development and production of oil and natural gas reserves
in the provinces of Alberta, British Columbia and Saskatchewan. Common
shares and convertible debentures of Bellatrix trade on the Toronto
Stock Exchange ("TSX") under the symbols BXE and BXE.DB.A,
Forward looking statements: Certain information set forth in this news
release, including the intention of Bellatrix to file a Registration
Statement on Form 40-F with the United States Securities and Exchange
Commission and the anticipated benefits of listing on the NYSE MKT,
constitute forward-looking statements, and necessarily involve risks
and uncertainties, certain of which are beyond Bellatrix's control,
including risks associated with the failure to obtain a listing on the
NYSE MKT and failure to achieve the anticipated benefits therefrom.
Bellatrix has also relied on certain assumptions in making the
forward-looking statements herein, including, but not limited to, that
Bellatrix will be able to satisfy all listing conditions of the NYSE
MKT and that the listing on the NYSE MKT will achieve the benefits set
out herein. Actual results, performance or achievements could differ
materially from those expressed in, or implied by, these
forward-looking statements and, accordingly, no assurance can be given
that any events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits that
Bellatrix will derive therefrom. Additional information on these and
other factors that could affect Bellatrix are included in reports on
file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com, or at Bellatrix's website www.bellatrixexploration.com. Furthermore, the forward-looking statements contained in this news
release are made as of the date of this news release, and Bellatrix
does not undertake any obligation to update publicly or to revise any
of the included forward looking statements, whether as a result of new
information, future events or otherwise, except as may be expressly
required by applicable securities law.
SOURCE: Bellatrix Exploration Ltd.
For further information:
Raymond G. Smith, P.Eng., President and CEO (403) 750-2420
Edward J. Brown, CA, Vice President, Finance and CFO (403) 750-2655
Brent A. Eshleman, P.Eng., Executive Vice President (403) 750-5566
Troy Winsor, Investor Relations (800) 663-8072
Bellatrix Exploration Ltd.
2300, 530 - 8th Avenue SW
Calgary, Alberta, Canada T2P 3S8
Phone: (403) 266-8670
Fax: (403) 264-8163