/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
CALGARY, March 1 /CNW/ - RSX Energy Inc. ("RSX") is pleased to announce
that it has closed its bought deal financing with an underwriting syndicate
led by Raymond James Ltd. and including Haywood Securities Inc. and Acumen
Capital Finance Partners Limited. 1,180,000 common shares were issued at a
price of $3.40 per share and 1,560,000 common shares were issued on a
"flow-through" basis at a price of $4.50 per share for aggregate gross
proceeds of $11,032,000.
The shares issued pursuant to the private placement are subject to resale
restrictions until July 2, 2007.
RSX is a Calgary based company engaged in the exploration, development
and production of oil and natural gas. The Company's common shares are listed
on the TSX Venture Exchange under the trading symbol "RSX".
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: RSX Energy Inc., Lee Baker, President, (403)
266-0600, (403) 266-0604 (Fax), Email: email@example.com