Raimount Announces Normal Course Issuer Bid

    




 /NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS. / 

 CALGARY, June 11, 2012 /CNW/ - Raimount Energy Inc. ("Raimount" or the  "Corporation"), TSXV: RMT announces that, the TSX Venture Exchange  ("TSXV") has approved, the Corporation's intention to purchase certain  of its Common Shares by way of a normal course issuer bid (the "NCIB")  through the facilities of the TSXV.  Raimount may purchase up to a  maximum of 220,030 Common Shares, which represents 5% of the  Corporation's current issued and outstanding Common Shares.  Raimount  will commence open market purchases of its shares immediately upon the  approval of the NCIB by the TSXV on June 12, 2012 and terminate any  such purchases on or before June 11, 2013. The Corporation may purchase  up to, but not more than 2%, of its issued and outstanding Common  Shares in any 30 day period during the term of the NCIB.  As of the  date of this news release, the Corporation has 4,440,633 Common Shares  issued and outstanding.  Macquarie Private Wealth of Calgary, Alberta  has been appointed by Raimount as its broker to facilitate the open  market purchases of its shares pursuant to the NCIB. All purchases of  shares under the NCIB will be undertaken through the facilities of the  TSXV at the prevailing current market price of the shares of the  Corporation as traded on the TSXV. 

 Raimount is of the view that the current market prices of the  Corporation's Common Shares are undervalued.   Accordingly, Raimount  believes that the repurchase of the shares represents a sound business  decision for the Corporation.  All Common Shares purchased under the  NCIB will be returned to treasury and cancelled.  Shareholders of  Raimount will be advised of the NCIB in the next quarterly report of  the Corporation to be mailed to Shareholders and filed on SEDAR.  Shareholders may obtain a copy of the Notice of Intention to Make a  Normal Course Issuer Bid from Raimount without charge. 

 Reader Advisory 

 Neither the TSX Venture Exchange nor its Regulation Service Provider (as  that term is defined in policies of the TSX Venture Exchange) accepts  responsibility for the adequacy or accuracy of this release. 

Raimount Energy Inc.


CONTACT:  Raimount Energy Inc.Gregory A. Vavra, President403-265-6292 ext. [e-mail] 


    

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