Addax Petroleum Corporation
December 7, 2005 - 16:24:25 ET
Addax Petroleum Corporation Files Preliminary Prospectus for Initial Public
Offering
CALGARY, ALBERTA--(CCNMatthews - Dec. 7, 2005) -
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UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAW.
Addax Petroleum Corporation announced today that it has filed a preliminary
prospectus with securities regulatory authorities in all provinces of Canada
with respect to an initial public offering of its common shares in Canada.
Addax Petroleum is an international oil and gas exploration and production
company focused on Africa and the Middle East. Addax Petroleum is the largest
independent oil producer in Nigeria, producing an average of approximately
74,450 barrels of oil per day for October 2005. Concurrent with the filing of
its preliminary prospectus, Addax Petroleum has applied to have its common
shares listed on the Toronto Stock Exchange. The lead underwriters of the
proposed offering are RBC Capital Markets and Merrill Lynch Canada Inc.
FOR FURTHER INFORMATION PLEASE CONTACT:
Addax Petroleum Corporation Mr. Michael Ebsary Chief Financial Officer
41-22-702-9400 Email: michael.ebsary@aogltd.com Addax Petroleum Corporation
Ms. Marie-Gabrielle Cajoly Communications and PR Manager 41-22-702-9400
Email: marie-gabrielle.cajoly@aogltd.com
The Toronto Stock Exchange does not accept responsibility for the adequacy or
accuracy of this release.
Wed Dec 7 21:24:28 2005 -GMT- pnac (nCCNEg9cfa) = 1 21:24
