TEE Triple 8 Energy Ltd.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Triple 8 Energy Ltd. ("Triple 8" or the "Company") (TSX VENTURE:TEE) is pleased
to announce that it has mailed a management information circular to holders of
its common shares in connection with a special meeting of shareholders to be
held on Thursday, September 9, 2010 at the R.G. Black Boardroom at the offices
of McCarthy Tetrault LLP, Suite 3300, 421-7th Avenue S.W., Calgary, Alberta at
3:00 p.m. (Calgary time). The information circular describes, among other
things, the particulars of the Company's proposed consolidation of its common
shares on a consolidation ratio of one post-consolidation common share for up to
every twenty pre-consolidation common shares, the particulars of the proposed
name change of the Company to "Hyperion Exploration Corp." and the particulars
of the proposed change of auditors of the Company from BDO Canada LLP to KPMG
LLP. The board of directors of the Company has approved the proposed share
consolidation, name change and change of auditors, all of which will be
submitted for approval by the shareholders at the meeting. In addition to
shareholder approval, the consolidation and the name change are subject to
receipt of approval of the TSX Venture Exchange.


The Company currently has 200,625,667 issued and outstanding common shares. In
the event that the consolidation is completed on a twenty for one basis, the
Company would have approximately 10,031,283 common shares outstanding following
the consolidation. In addition, the exercise price and number of common shares
of the Company issuable upon the exercise of outstanding options, purchase
warrants and other convertible securities will be proportionally adjusted upon
the implementation of the proposed share consolidation.


Approval of the proposed consolidation and name change by shareholders would,
subject to approval of the TSX Venture Exchange, allow the board of directors of
the Company to implement the proposed consolidation and name change without any
further action on the part of shareholders. The board of directors of the
Company currently anticipates that the proposed share consolidation and name
change will become effective as soon as practicable following the date of the
special meeting.


Further details with regard to the background, reasoning and impact of the
proposed share consolidation and the proposed name change are contained in the
Company's information circular dated August 13, 2010, a copy of which is
available electronically at www.sedar.com.


The Company is also pleased to announce the appointment of Mr. Rod Maxwell as
Chairman of the Board of Directors of the Company. Mr. Maxwell is a Chartered
Accountant and Chartered Business Valuator and is presently the Managing
Director of StoneBridge Merchant Capital Corp. Mr. Maxwell serves on the Board
of Directors of a number of public and private companies, including Cathedral
Energy Services Ltd., KDC Energy Ltd. and Trydor Industries (Canada) Ltd.


The Company also wishes to advise that a finder's fee of $50,000 was paid to
Macquarie Private Wealth Inc. for services provided to the Company in connection
with the Company's recently completed recapitalization announced on July 23,
2010.


Forward Looking and Cautionary Statements 

As indicated above, completion of the proposed consolidation and name change is
subject to a number of conditions, including but not limited to, TSX Venture
Exchange approval. There can be no assurance that the proposed consolidation
and/or name change will be completed as proposed or at all. 


Investors are cautioned that, except as disclosed in the management's
information circular prepared in connection with the special meeting at which
shareholder approval will be sought for the proposed consolidation and name
change, any information released or received with respect to the transaction may
not be accurate or complete and should not be relied upon. 


Except for statements of historical fact, this news release may contain certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. There are uncertainties inherent in forward-looking information,
including factors beyond the Company's control, and no assurance can be given
that the proposed consolidation or name change will be completed on time, or at
all. The reader is cautioned not to place undue reliance on forward-looking
statements. Additional information identifying risks and uncertainties that
could affect the Company's financial results is contained in the Company's
filings with Canadian securities regulators, which filings are available at
www.sedar.com.

Grafico Azioni Triple 8 Energy Ltd. (TSXV:TEE)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Triple 8 Energy Ltd. (TSXV:TEE)
Storico
Da Lug 2023 a Lug 2024