Valeura Announces Closing of $15 Million Bought Deal Financing

    




 /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR  DISSEMINATION IN THE UNITED STATES/ 

 CALGARY, Oct. 10, 2012 /CNW/ - Valeura Energy Inc. ("Valeura" or the "Corporation")  has completed its previously announced public offering of  common shares for gross proceeds of $14,950,000.  The shares were sold  through a syndicate of underwriters led by Cormark Securities Inc. and  includes National Bank Financial Inc., Canaccord Genuity Corp.,  FirstEnergy Capital Corp., and Jennings Capital Inc. 

 Valeura intends to use the net proceeds from the offering to fund the  Corporation's capital program, including continued field development  and exploration operations in the Republic of Turkey and for general  corporate purposes. 

 ABOUT THE CORPORATION 

 Valeura Energy Inc. is a Canada-based public company currently engaged  in the exploration, development and production of petroleum and natural  gas in Turkey and Western Canada. 

 Additional information relating to Valeura is also available on SEDAR at  www.sedar.com. 

 Advisory Regarding Forward-Looking Statements 

 This news release contains a forward-looking statement pertaining to the  use of proceeds from the public offering. Although Valeura believes  that the expectations reflected in such forward looking statement are  reasonable, undue reliance should not be placed on it as Valeura cannot  give any assurance that such expectations will prove to be correct. The  forward-looking statement in this news release is made as of the date  hereof and, except as required by applicable securities law, Valeura  undertakes no obligation to update publicly or revise such statement,  whether as a result of new information, future events or otherwise. 

   

Valeura Energy Inc.


CONTACT:  Jim McFarland, President and CEOValeura Energy Inc.(403) [e-mail] Bjornson, CFOValeura Energy Inc.(403) [e-mail] 


    

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