New Issue: Delphi Energy concludes private placement for C$25 million

By Sheri Kasprzak

New York, June 29 - Delphi Energy Corp. wrapped a private placement, including the greenshoe, for C$25,003,200.

The company sold 5,209,000 flow-through shares at C$4.80 each, including the over-allotment option for 1,042,000 shares exercised by a syndicate of underwriters led by GMP Securities LP and Dundee Securities Corp.

The syndicate also included Scotia Capital Inc., National Bank Financial Inc., Acumen Capital Finance Partners Ltd., Genuity Capital Markets, Haywood Securities Inc. and MGI Securities Inc.

Proceeds will be used for debt repayment and for exploration on the company's Canadian properties.

Delphi, based in Calgary, Alta., is an oil and natural gas exploration company.

Issuer:	Delphi Energy Corp.
Issue:	Flow-through shares
Amount:	C$25,003,200
Shares:	5,209,000 (includes greenshoe for 1,042,000 shares)
Price:	C$4.80
Warrants:	No
Underwriters:	GMP Securities LP (lead), Dundee Securities (lead), Scotia Capital Inc., National Bank Financial Inc., Acumen Capital Finance Partners Ltd., Genuity Capital Markets, Haywood Securities Inc. and MGI Securities Inc.
Settlement date:	June 29
Stock symbol:	Toronto: DEE
Stock price:	C$4.00 at close June 29

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