New Issue: Trafalgar sells C$6.9 million shares in private placement; greenshoe fully exercised

By Devika Patel

Knoxville, Tenn., May 15 - Trafalgar Energy Ltd. said it completed a C$6.9 million private placement of stock. The deal priced April 24 for C$6 million with a C$902,000 greenshoe.

The company sold 1,569,000 flow-through common shares at C$4.40 each. Of the shares sold, 205,000 were from the fully exercised greenshoe.

The deal was conducted by a syndicate of underwriters led by Canaccord Capital Corp. and including Cormark Securities Inc., Blackmont Capital Inc., Scotia Capital Inc., Acumen Capital Finance Partners Ltd., Research Capital Corp. and Paradigm Capital Inc.

Proceeds will be for exploration.

Trafalgar is an oil and gas company based in Calgary, Alta.

Issuer:	Trafalgar Energy Ltd.
Issue:	Flow-through common shares
Amount:	C$6,903,600 (including C$903,600 from greenshoe)
Shares:	1,569,000
Price:	C$4.40
Warrants:	No
Underwriters:	Canaccord Capital Corp. (lead), Cormark Securities Inc., Blackmont Capital Inc., Scotia Capital Inc., Acumen Capital Finance Partners Ltd., Research Capital Corp., Paradigm Capital Inc.
Pricing date:	April 24
Settlement date:	May 15
Stock symbol:	Toronto: TFL
Stock price:	C$3.65 at close April 23

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