CALGARY, Oct. 11 /CNW/ - Raimount Energy Inc. (TSX-V/RMT.RT) ("Raimount")
announces that Gregory A. Vavra, the President and Chief Executive Officer as
well as a major shareholder of Raimount, has filed Form 45-102F1 on SEDAR as
Project No. 01167674 to provide the required notice of his intention to sell
up to 527,298 rights to acquire common shares of Raimount within Raimount's
current Rights Offering (the "Offering"), CUSIP No. 75078P129. Mr. Vavra
currently owns 527,298 Common Shares of Raimount, representing 21.26% of the
issued and outstanding Common Shares and has received 527,289 Rights to
acquire Common Shares pursuant to the Offering. Five Rights and $1.10 entitle
the holder to acquire one additional Common Share of Raimount. If the Offering
is fully subscribed and if Mr. Vavra sells all of his Rights, then Mr. Vavra
will own 527,289 Common Shares, representing 17.72% of the issued and
outstanding Common Shares of Raimount. Mr. Vavra intends to conduct the
distribution of Rights through the facilities of the TSX Venture Exchange.
Raimount is a publicly listed oil and gas company headquartered in
Calgary, Alberta, Canada that trades on the TSX Venture Exchange under the
symbol "RMT" and whose Rights currently trade under the symbol "RMT.RT".
The TSX Venture Exchange has not reviewed, and does not accept
responsibility for, the adequacy or accuracy of this release.
For further information:
For further information: Gregory A. Vavra, President & Chief Executive
Officer, Raimount Energy Inc., Phone: (403) 265-6292,