RPC Raise Production Inc

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Raise Production Inc. ("Raise" or the "Company") (TSX VENTURE:RPC) is pleased to
announce the closing of a brokered private placement effective August 14, 2012.
Further to the Company's news release dated July 18, 2012, the private placement
consisted of the issuance and sale of an aggregate of 23,333,333 units (the
"Units") for aggregate gross proceeds of $3,500,000 (the "Offering"). Each Unit
is comprised of one common share in the capital of the Company (a "Common
Share") and one non-transferable Common Share purchase warrant (a "Warrant").
Each Warrant is exercisable to acquire one Common Share at a price of $0.225
until February 14, 2014. 


Pursuant to an Agency Agreement dated effective July 10, 2012 between Raise and
Macquarie Private Wealth Inc. (the "Agent"), the Company paid the Agent a cash
commission equal to 7% of the aggregate gross proceeds of the Offering plus
certain expenses. Raise also issued 1,633,333 compensation options (the
"Compensation Options") to the Agent. Each Compensation Option is exercisable to
acquire one Unit at a price of $0.15 per Unit until February 14, 2014. 


The Common Shares and the Common Shares issuable upon the exercise of the
Warrants are subject to a four month plus one day resale restriction pursuant to
National Instrument 45-102 (Resale of Securities). The securities issued under
the private placement must not be traded before December 15, 2012 unless
otherwise permitted under securities legislation. 


The proceeds received by the Company from the Offering will be used for
development and commercialization of its horizontal production technology and
working capital. 


About Raise Production Inc. 

The Company is an innovative oilfield service company that focuses its efforts
on the production service sector, the production services segment utilizes its
patented products to enhance and increase ultimate production in both
conventional and unconventional gas, oil, and CBM wells. The Company was founded
in 1994 and is listed on the TSX Venture Exchange.


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of securities in any
state in the United States in which such offer, solicitation or sale would be
unlawful. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.


This news release may contain forward-looking statements, including statements
regarding the Private Placement and the use of proceeds from the Private
Placement and other statements that are not historical facts. Forward-looking
statements address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Such information is subject to known
and unknown risks, uncertainties and other factors that could influence actual
results or events and cause actual results or events to differ materially from
those stated, anticipated or implied in the forward-looking information. Readers
are cautioned not to place undue reliance on forward-looking information, as no
assurances can be given as to future results, levels of activity or
achievements.

Grafico Azioni Raise Production (TSXV:RPC)
Storico
Da Dic 2024 a Gen 2025

Grafico Azioni Raise Production (TSXV:RPC)
Storico
Da Gen 2024 a Gen 2025