AQX Algonquin Oil & Gas Ltd.

0.00

0.00 (0.00%)

- - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type
Algonquin Oil & Gas Ltd.	TSXV:AQX	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	-

Algonquin Oil & Gas Limited Announces Closing of Shares for Debt Transaction

20/01/2012 6:49pm

Marketwired Canada

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


Algonquin Oil & Gas Limited ("Algonquin") (TSX VENTURE:AQX) is pleased to
announce that it has received the approval of the TSX Venture Exchange ("TSXV")
to complete its previously announced shares for debt transaction allowing
Algonquin to issue 3,633,000 common shares at a price of $0.10 per share to
settle US$350,000 of previously incurred debt held by James Fair, the President
and Chief Executive Officer of Algonquin (the "Debt Settlement"). All of the
common shares issued pursuant the Debt Settlement are subject to a 4-month hold
period.