CALGARY, ALBERTA–(Marketwired – Dec. 29, 2014) –
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
StonePoint Energy Inc. (TSX VENTURE:STO) (“StonePoint” or the “Company“) announces that its rights offering expired on Wednesday, December 24, 2014. Under the rights offering, eligible shareholders were entitled to one right per common share, with every five rights being exercisable for one common share of the Company at an exercise price of $0.11 per share. An aggregate of 833,367 common shares were issued upon the closing of the rights offering. StonePoint currently has 214,363,214 common shares issued and outstanding after giving effect to the rights offering.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
StonePoint Energy Inc.
Chief Financial Officer