CALGARY,
Jan. 16, 2013 /CNW/ - Toscana
Energy Income Corporation (Toscana Energy or the Corporation) (TSX
Venture: TEI) announces that it has received a receipt dated
January 16, 2013 (the Receipt) for
its final short form prospectus dated January 16, 2013 (the Final Prospectus) filed
with the securities regulatory authorities in the provinces of
British Columbia, Alberta, Saskatchewan, Manitoba and Ontario with respect to the qualification for
distribution of an aggregate of 666,700 common shares in the
capital of the Corporation (Common Shares) issuable pursuant to the
exercise of an aggregate of 666,700 common share special warrants
(the Special Warrants). The Special Warrants were previously issued
on November 22, 2012 pursuant to an
underwritten private placement of the Corporation which was led by
GMP Securities L.P. and included Macquarie Capital Markets Canada
Ltd., National Bank Financial Inc. and Sprott Private Wealth LP. In
accordance with terms of the indenture governing the Special
Warrants, each Special Warrant entitles the holder thereof to
receive one Common Share on the exercise or deemed exercise of the
Special Warrant. All unexercised Special Warrants will be deemed
exercised without further action on the part of the holder on or
before January 23, 2013, being five
business days following the date of the Receipt.
Following the exercise or deemed exercise of the
Special Warrants, Toscana Energy will have an aggregate of
3,865,397 Common Shares issued and outstanding.
About Toscana Energy Income Corporation
Toscana Energy Income Corporation is a
conventional oil and gas producer with the mandate to acquire high
quality, long life oil and gas assets including royalties,
non-operated working interests and unitized production for yield
and capital appreciation. Toscana Energy Income Corporation
is managed by Sprott Toscana through Toscana Energy Corporation.
Sprott Toscana is a member of the Sprott Group of Companies.
About Sprott Toscana
Sprott Toscana (formerly Toscana Merchant Group)
is a team of Calgary-based energy
specialists that manage three separate businesses: Toscana Energy
Income Corporation (through Toscana Energy Corporation), Toscana
Financial Income Trust and Maple Leaf Energy Income LPs. In
July 2012, Toscana Merchant Group
joined the Sprott Group of Companies when it was acquired by Sprott
Inc. (TSX: SII), Canada's leading
alternative asset manager and a global leader in resource
investing.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Toscana Energy Income Corporation