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RLM Realm Energy International Cp

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Share Name Share Symbol Market Type
Realm Energy International Cp TSXV:RLM 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 -

Realm Energy Announces Private Placement

28/10/2010 8:13pm

Marketwired Canada


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES


Realm Energy International Corporation ("Realm Energy" or the "Company") (TSX
VENTURE:RLM) (www.realmenergy.ca) is pleased to announce a non-brokered private
placement of up to 10,000,000 units at a price of $0.60 per unit for cash
proceeds of up to $6,000,000 to Quantum Partners LP ("Quantum"), a private
investment fund managed by Soros Fund Management LLC (the "Private Placement"). 


Each unit comprises one common share and one half of a common share purchase
warrant. Each whole common share purchase warrant will entitle the holder to
acquire one additional common share of the Company at a price of $0.95 for a
period of two years. The Company may pay fiscal advisory fees on all or a
portion of the Private Placement to Peninsula Merchant Syndications Corp., a
private merchant bank controlled by Sam Magid, and BMO Nesbitt Burns. Subject to
the acceptance of the TSX Venture Exchange, such fiscal advisory fees may be
paid in securities in lieu of cash.


Upon the closing of the Private Placement, it is expected that Quantum, upon
conversion of the warrants expected to be held by Quantum, would hold
approximately 19.5% of the Company's issued and outstanding shares.


The net proceeds of the Private Placement will be used to continue the technical
evaluation and acquisition of shale gas and shale oil plays throughout
continental Europe and for general working capital purposes. 


The most recent closing price of the Company's common shares on the TSX Venture
Exchange was $0.72. The private placement is subject to applicable regulatory
approval requirements, including the acceptance by the TSX Venture Exchange, and
the common shares issued will be restricted from trading for a period of four
months from the date of issuance in compliance with TSX Venture Exchange
policies and securities legislation.


About Realm Energy

Realm Energy International Corporation is a Canadian domiciled global energy
company focused on driving the exploration and development of major shale plays
throughout Europe and emerging countries. The Company presently has projects in
Poland and Germany and is in the process of acquiring additional petroleum and
natural gas rights in large contiguous tracts which it has identified as high
potential. Realm Energy is committed to leveraging the most advanced shale
technology to bring these resources into production. Visit Realm Energy's
website at www.realmenergy.ca.


REALM ENERGY INTERNATIONAL CORPORATION

Craig Steinke, Executive Chairman

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
includes certain "forward-looking statements" within the meaning of applicable
Canadian provincial securities legislation. Forward-looking statements include,
but are not limited to statements with respect to the proposed use of the net
proceeds of the Private Placement (as defined above). Forward-looking statements
are necessarily based upon estimates and assumptions that, while considered by
the Company's management to be reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual results and
future events to differ materially from those expressed or implied by such
forward-looking statements. Such factors include, but are not limited to:
general business, economic, competitive, political and social uncertainties; or
delay or failure to receive regulatory approvals. There can be no assurance that
such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements. The
Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law or the policies of the TSX
Venture Exchange.


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.


THE SECURITIES TO BE ISSUED UNDER THE PRIVATE PLACEMENT HAVE NOT BEEN REGISTERED
UNDER THE UNITED STATES SECURITIES ACT OF 1933 (AS AMENDED) OR ANY STATE
SECURITIES LAWS, AND UNLESS SO REGISTERED MAY NOT BE OFFERED OR SOLD IN THE
UNITED STATES OR TO U.S. PERSONS EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A
TRANSACTION SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE UNITED STATES
SECURITIES ACT OF 1933 AND APPLICABLE STATE SECURITIES LAWS. THIS PRESS RELEASE
IS ISSUED PURSUANT TO RULE 135(C) OF THE UNITED STATES SECURITIES ACT OF 1933
(AS AMENDED), AND DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF
AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY
JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR
TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH
JURISDICTION.


1 Year Realm Energy International Cp Chart

1 Year Realm Energy International Cp Chart

1 Month Realm Energy International Cp Chart

1 Month Realm Energy International Cp Chart

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