RSX Announces Closing of Bought Deal Private Placement



    /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.

    %SEDAR: 00009089E

For further information: 

For further information: RSX Energy Inc., Lee Baker, President, (403)
266-0600, (403) 266-0604 (Fax), Email: lbaker@rsxenergy.com

Organization Profile

RSX ENERGY INC.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890