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GLM.B Glamis Res Ltd

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Share Name Share Symbol Market Type
Glamis Res Ltd TSXV:GLM.B TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Glamis Closes Previously Announced Private Company Acquisition

19/08/2009 12:30am

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAW.


Glamis Resources Ltd. ("Glamis") (TSX VENTURE:GLM.A) (TSX VENTURE:GLM.B) is
pleased to announce that it has completed the previously announced acquisition
of Medora Resources Inc. The acquisition was completed by way of a plan of
arrangement under the Business Corporations Act (Alberta). Pursuant to the
acquisition, Glamis will issue an aggregate of 90,742,963 Class A Shares to the
former Medora securityholders. Following the completion of the acquisition,
Glamis will have 228,549,154 Class A Shares and 922,500 Class B Shares issued
and outstanding.


Glamis is a uniquely positioned, well-capitalized junior oil and gas company
with a proven management team committed to aggressive, cost-effective growth of
light oil reserves and production in Saskatchewan and Manitoba. Glamis' Class A
Shares and Class B Shares trade on the TSX Venture Exchange under the symbols
GLM.A and GLM.B, respectively.


This press release shall not constitute an offer to sell, nor the solicitation
of an offer to buy, any securities in the United States, nor shall there be any
sale of securities mentioned in this press release in any state in the United
States in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.


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