Delphi Energy Corp. Announces Closing of $33 Million Public Offering
Published : November 13, 2012
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CALGARY, ALBERTA--(Marketwire - Nov. 13, 2012) -


Delphi Energy Corp. (News - Market indicators) ("Delphi" or the "Company") announces the issuance of 17,241,500 common shares ("Common Shares") at a price of $1.45 per share and 4,571,500 Common Shares issued on a "flow-through basis" under the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $1.75 per share (the "Offering") for total gross proceeds of $33,000,300.

The Offering was underwritten by a syndicate of underwriters led by Stifel Nicolaus Canada Inc. and including Peters & Co. Limited, National Bank Financial Inc. and Scotia Capital Inc.

The proceeds from the Offering will be used by the Company to initially reduce bank indebtedness and thereafter to partially fund the Company's continuing capital program and for general corporate purposes.

Proceeds from the issuance of Flow-Through Shares will be used to incur eligible Canadian Exploration Expenditures ("CEE") for purposes of the Income Tax Act (Canada) and such CEE will be renounced to subscribers of the Flow-Through Shares on or before December 31, 2012.

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States.

Delphi Energy is a Calgary-based company that explores, develops and produces oil and natural gas in Western Canada. The Company is managed by a proven technical team. Delphi trades on the Toronto Stock Exchange under the symbol DEE.

Forward-Looking Statements. This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", may", "will", "should", believe", "intends", "forecast", "plans", "guidance" and similar expressions are intended to identify forward-looking statements or information. Forward looking statements in this news release include statements regarding the use of proceeds.

Additionally, although the Company believes that the expectations reflected in such forward-looking statements and information are reasonable, it can give no assurance that such expectations will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the impact of general economic conditions, the oil and gas industry in general such as operational risks in development, exploration and production, delays or changes in plans with respect to exploration or development projects or capital expenditures, the uncertainty of estimates and projections relating to production rates, costs and expenses, commodity price and exchange rate fluctuations, marketing and transportation, environmental risks, competition, the ability to access sufficient capital from internal and external sources, stock market volatility and changes in tax, royalty and environmental legislation. Additional information on these and other factors that could affect the Company's operations or financial results are included in reports on file with the applicable securities regulatory authorities and may be accessed through the SEDAR website ( The forward-looking statements and information contained in this press release are made as of the date hereof . Delphi undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Delphi Energy Corp.
David J. Reid
President & CEO
(403) 265-6171
Delphi Energy Corp.
Brian P. Kohlhammer
Senior V.P. Finance & CFO
(403) 265-6171
(403) 265-6207 (FAX)
Delphi Energy Corp.
300, 500 - 4 Avenue S.W.
Calgary, Alberta
T2P 2V6
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Delphi Energy Corp.

ISIN : CA2471281014
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Delphi is an exploration company based in Canada.

Delphi is listed in Canada and in United States of America. Its market capitalisation is CA$ 136.5 millions as of today (US$ 103.5 millions, € 89.1 millions).

Its stock quote reached its highest recent level on December 30, 2005 at CA$ 6.15, and its lowest recent point on March 06, 2009 at CA$ 0.54.

Delphi has 156 900 000 shares outstanding.

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Financings of Delphi Energy Corp.
12/2/2011Announces Equity Financing
3/28/2011Closes Flow-Through Financing
6/3/2010Announces Closing of $30.25 Million Equity Offering
5/27/2010Announces Increased Credit Facility
Nominations of Delphi Energy Corp.
3/16/2010Announces Appointment of Directors
Financials of Delphi Energy Corp.
11/14/2013Reports Third Quarter Results
8/15/2013Reports Second Quarter Results
5/16/2013Reports Financial and Operational Results for First Quarter ...
8/9/2012Reports Financial and Operational Results for Second Quarter...
5/9/2012Reports Financial and Operational Results for First Quarter ...
3/15/2012Reports Fourth Quarter and Year End Results
5/26/2011Reports Financial and Operational Results for First Quarter ...
3/17/2011Reports Fourth Quarter and Year End Results
5/6/2010Reports Strong Financial and Operational Results for First Q...
Project news of Delphi Energy Corp.
9/3/2013Releases Midyear 2013 Reserves Update
7/3/2013Reports Continued Montney Drilling Success
3/1/2013Releases Year End 2012 Reserves and Provides Bigstone Montne...
6/20/2011Kicks Off Second Half 2011 Drilling Program
2/10/2011Reports 10 Million BOE in Reserve Additions
Corporate news of Delphi Energy Corp.
6/15/2016Delphi Energy Announces Closing of $60 Million Offering
6/3/2016Delphi Energy Announces Increase and Pricing of Offering
6/2/2016Delphi Energy Announces Voting Results from its Annual Gener...
6/1/2016Delphi Energy Announces Voting Results From its Annual Gener...
5/30/2016TSX Movers: Delphi Energy, Intertain Group, Gold Reserve
5/28/2016Delphi Energy Announces Filing of Preliminary Short Form Pro...
5/28/2016Delphi Energy Announces Banking Update
5/11/2016Delphi Energy Reports First Quarter 2016 Results
3/17/2016Delphi Energy Reports 2015 Year End Results
3/1/2016Delphi Energy Releases Year End 2015 Reserves
12/29/2015Delphi Energy Provides Update
12/10/2015Delphi Energy Provides Corporate Update
11/12/2015Delphi Energy Reports Third Quarter Results
11/3/2015Delphi Energy Announces Closing of Disposition of Hythe Asse...
10/16/2015Delphi Energy Announces Agreement to Sell Greater Hythe Asse...
10/15/2015Delphi Energy Announces Agreement to Sell Greater Hythe Asse...
10/8/2015Delphi Energy Continues to Innovate its Frac Design at Bigst...
8/10/2015Delphi Energy Reports Second Quarter Results
7/23/2015Delhi Energy Announces Closing of Disposition of Wapiti Asse...
7/23/2015Delphi Energy Announces Closing of Disposition of Wapiti Ass...
7/2/2015Delphi Energy Grants an Extension to Closing of Greater Wapi...
6/12/2015Delphi Energy Corp. - Archive Webcast of June 10, 2015 EPAC ...
6/2/2015Delphi Energy Announces Voting Results From Its Annual Gener...
5/14/2015Delphi Energy Reports First Quarter Results
3/20/2015Delphi Energy Releases Year End 2014 Reserves
3/20/2015Delphi Reports 2014 Year End Results
3/19/2015Delphi Energy Reports 2014 Year End Results
2/26/2015Delphi Energy Releases Year End 2014 Reserves
12/19/2014Delphi Energy Announces Increased Credit Facility
11/13/2014Delphi Energy Reports Third Quarter Results
10/23/2014Delphi Energy Provides Operations Update
9/10/2014IIROC Trade Resumption - DEE
9/9/2014IIROC Trading Halt - DEE
9/9/2014Delphi Energy Montney Success Continues
8/14/2014Delphi Energy Reports Second Quarter Results
7/24/2014Delphi Energy Provides Operations Update
6/13/2014Delphi Energy Corp. - Archive Webcast of June 11, 2014 EPAC ...
6/3/2014Delphi Energy Announces Annual Meeting Results
5/14/2014Delphi Energy Reports Record Quarterly Results
3/31/2014Delphi Energy Announces Increased Credit Facility and Provid...
3/19/2014Delphi Energy Reports 2013 Year End Results
12/23/2013Announces Funding Arrangement and Provides Operations Update
11/26/2013Reports Continued Success at Bigstone
10/23/2013Reports Continued Drilling Success
9/10/2013Continues Growth in Bigstone Montney Land Position
3/26/2013Acquires Additional Montney Assets in Bigstone
3/21/2013Reports 2012 Year End Results
12/12/2012Increases Bigstone Montney Exposure by 60 Percent With Recen...
11/13/2012Announces Closing of $33 Million Public Offering
9/10/2012- Peters & Co. Limited 2012 Energy Conference Webcast - ...
7/30/2012Reports Tests Results From Third Montney Well at Bigstone Ea...
7/24/2012Announces Closing of Disposition of Cardium Interests
6/28/2012Announces Agreement to Sell Cardium Interests for $23 Millio...
5/22/2012Commences Production at Its Bigstone East Montney Project
3/22/2012Provides Bigstone Operations Update
3/22/2012Provides Bigstone Operations Update
3/1/2012Increases Year End 2011 Reserves to Over 40 Million BOE with...
1/19/2012Completes First Bigstone Montney Well
7/28/2011Reports Record Production of 8,906 BOE/D For Second Quarter ...
5/18/2011Announces Increased Credit Facilities
3/18/2011Announces $9 Million Non-Brokered Private Placement Financin...
3/9/2011Reports Continued Success in the Nikanassin
2/17/2011Winter Program Delivering Results
12/16/2010Plans Continued Light Oil And NGL Focus In 2011
11/9/2010Reports Record Production and 100 Percent Success on an Acti...
5/13/2010Announces Equity Financing
4/1/2010Files 2009 Annual Information Form - AGM Scheduled May 20, 2...
1/13/2010Provides Operational Update
10/6/2009Announces Take-Up of Shares and Extension of Offer to Acquir...
9/10/2009Announces Financing
9/1/2009Announces Closing of Wapiti/Gold Creek Acquisition and Maili...
8/21/2009to Acquire Fairmount Energy
11/6/2008Reports 44% Increase in Cash Flow on Record Production
9/25/2008Validates Hythe Growth Potential With Recent Drilling Succes...
8/1/2008Achieves Record Production, Strengthens Balance Sheet in Q2 ...
7/25/2008Closing of Peace River Arch Acquisition
6/27/2008Announces Peace River Arch Acquisition and Financing
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