/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY, Sept. 13, 2011 /CNW/ - Valeura Energy Inc. ("Valeura" or the "Corporation") (TSXV: VLE) is pleased to announce that the Corporation has received
final approval to graduate from the TSX Venture Exchange and list its
common shares on the Toronto Stock Exchange (the "TSX"). The Corporation's shares are expected to commence trading on the
TSX when markets open on Thursday, September 15, 2011. The
Corporation's common shares will continue to trade under the symbol "VLE" on the TSX.
Also, as previously approved by shareholders of the Corporation at the
annual and special meeting of shareholders held June 15, 2011, and
subsequently by the TSX Venture Exchange, the Corporation's common
shares will be consolidated on a 10-for-1 basis when markets open on
Thursday, September 15, 2011, contemporaneously with the Corporation's
graduation to the TSX. The Corporation's common shares will trade on
the TSX on a post-consolidated basis only.
Letters of transmittal with respect to the consolidation will be mailed
to all registered shareholders shortly, requesting them to send their
pre-consolidated share certificates to Valiant Trust Company in
exchange for new share certificates representing the appropriate number
of post-consolidated common shares. No certificates representing
fractional post-consolidation common shares will be issued pursuant to
the consolidation. No action is required on the part of those
shareholders who hold their shares in brokerage accounts or other
Following consolidation, the Corporation will have 46,406,147 common
shares outstanding. All outstanding options and warrants will be
adjusted accordingly to reflect the share consolidation.
ABOUT THE CORPORATION
Valeura Energy Inc. is a Canada-based public company currently engaged
in the exploration, development and production of petroleum and natural
gas in Turkey and Western Canada.
Additional information relating to Valeura is also available on SEDAR at
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
SOURCE Valeura Energy Inc.
For further information:
Jim McFarland, President and CEO
Valeura Energy Inc.
Steve Bjornson, CFO
Valeura Energy Inc.