27 Nov 2013

Fox Williams LLP advised AIM and TSXV-listed Edge Resources Inc. on its recent UK-based secondary placing (the “Placing”) through the issuance of 35,000,006 common shares with new and existing institutional investors at a price of 6p per share for gross proceeds of CDN$3.5 million (£2.1 million). Fox Williams had previously advised Edge on its dual-listing on AIM in July 2012 and subsequent secondary placing in December 2012.

The oversubscribed Placing was supported by sector specialists and major new and existing institutional investors (including Henderson Global Investors, Edge’s largest capital partner). The Placing was arranged by Sanlam Securities UK Limited and SP Angel Corporate Finance LLP.

The proceeds will be used to further develop the Company’s shallow, conventional oil prospects in Eye Hill, Saskatchewan, the location of Edge’s most productive assets, which Scotiabank has recently ranked as the 5th best oil play in North America in terms of the profit-to-investment ratio. Edge expects to spud the first well of its multi-well drilling programme before the end of 2013.

In addition to the near term drilling programme, Edge has identified a large number of additional locations in Eye Hill East, and plans to reinvest the cash flow from its existing and new wells into funding the future drilling programme.

Brad Nichol, President & CEO of Edge, commented: “It is fantastic to see such overwhelming institutional and sector specialist support for our company. As one of the rare junior oil and gas companies able to raise money in these very difficult capital markets, we are clearly enjoying the benefits of our AIM listing and hugely supportive capital partnerships. We are not just raising money when few others are able to, we’re doing it at a much lower cost than most other Canadian companies could imagine.”

Head of Capital Markets Richie Clark and Corporate Associate Sharon O’Donnell led the Fox Williams team on the Placing. Tingle Merrett LLP acted as Canadian solicitors to the Company.

Richie Clark commented: “Once again, Edge has proved the value for Canadian and international companies of having access to a deep pool of UK institutional investors by virtue of an AIM listing. It was a pleasure working with the Edge, Sanlam and SP Angel teams to help obtain the development capital to enable the Company to implement its multi-well drilling programme.”

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