CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(Marketwire - May 9, 2012) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.
Antrim Energy Inc. (News - Market indicators) (AIM:AEY) ("Antrim" or the "Company") and Crown Point Ventures Ltd. ("Crown Point") are pleased to announce that the required notice period to Antrim's partners in the Tierra del Fuego assets, which provided them with the opportunity to exercise their contractual Rights of First Refusal (ROFR") to purchase such assets, has expired. The notice period expired without any rights being exercised. As a result, the material condition precedent concerning the ROFR to the closing of Crown Point's acquisition of Antrim Argentina S.A. has been satisfied.
Additional information concerning Antrim Energy Inc. is available at www.antrimenergy.com. Investor inquiries may be directed to info@antrimenergy.com or 1-403-264-5111.
Forward-Looking and Cautionary Statements
Some of the statements in this announcement may be forward-looking. Forward-looking statements include statements regarding the intent, belief, anticipates and current expectations of Antrim Energy Inc. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcome to differ materially from those suggested by any such statements. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond Antrim's control. Please refer to Antrim's Amended and Restated Annual Information Form for the year ended December 31, 2011 and dated March 26, 2012 and available for viewing at www.sedar.com, for a list of risk factors. Antrim's actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Antrim will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Antrim or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release.