Petrus Resources Ltd. - 2012-07-03

It has closed the previously announced $90 million private placement of 50.8 million common shares of the Company at an issue price of $1.75 per Common Share and 605,488 Common Shares issued on a "flow-through" basis pursuant to the provisions of the Income Tax Act at an issue price of $2.10 per Flow-Through Share, for aggregate gross proceeds of $90.1 million. The brokered component of the Offering was completed by a syndicate of agents led by RBC Capital Markets and including CIBC World Markets Inc. and FirstEnergy Capital Corp. A portion of the net proceeds from the Offering were used to fund the Acquisition.