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| October 30, 2012 07:50 PM EDT |
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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/30/12 -- Warrior Energy N.V. ("Warrior" or the "Company") (TSX VENTURE:WEN) is pleased to announce that the non-brokered private placement (the "Private Placement") previously announced on August 9, 2012 has closed. The closing of the Private Placement occurred on October 30, 2012 and consists of 80,000 common shares (each, a "Share") at a price of C$1.08 per Share for gross proceeds of C$86,400. The Shares issued are subject to a four month hold period expiring on March 1, 2013 under applicable securities laws imposed by the TSX Venture Exchange. The Company intends to use proceeds from the Private Placement for general working capital purposes.
About the Company
Warrior is a junior oil and gas exploration and production company focused on identifying and exploiting hydrocarbon opportunities.
On behalf of the Board of Directors
Urs Meisterhans, President
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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