Realm Energy International Corporation ("Realm Energy" or the "Company") (TSX VENTURE: RLM) (www.realmenergy.ca), is pleased to announce its financial and operations results for the three and nine month periods ended September 30, 2010.

Third Quarter 2010 Highlights:

On September 13, 2010 the Company announced a non-brokered private placement of up to 10,000,000 units at a price of $0.30 per unit for cash proceeds of up to $3,000,000 (the "Private Placement"). Each unit comprises one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one additional common share of the Company at a price of $0.40 for a period of two years from the closing of the Private Placement. An 8.0% finders' fee was paid in the form of Private Placement units to arm's length finders on the Private Placement. The Private Placement closed subsequent to the period end. The net proceeds of the Private Placement will be used for general working capital purposes.

Subsequent to the periods ended September 30, 2010, on October 28, 2010, the Company announced another non-brokered private placement of up to 10,000,000 units at a price of $0.60 per unit for cash proceeds of up to $6,000,000 to Quantum Partners LP ("Quantum"), a private investment fund managed by Soros Fund Management LLC. Each unit comprised one common share and one half of a common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one additional common share of the Company at a price of $0.95 for a period of two years. On November 15, 2010, the Company closed the private placement with Quantum. The Company paid finders' fees of 9.0% in the form of non-brokered private placement units to parties that were arm's length to the Company.

FINANCIAL SUMMARY:


---------------------------------------------------------------------------
                  Three months   Three months    Nine months    Nine months
                         ended          ended          ended          ended
                  September 30,  September 30,  September 30,  September 30,
                          2010           2009           2010           2009
---------------------------------------------------------------------------

Net loss          $ (1,106,551)      $ (1,068)  $ (2,942,392)     $ (41,333)
Basic and
 diluted loss
 per share               (0.02)         (0.01)         (0.07)         (0.01)
Total assets         1,459,804        404,350      1,459,804        404,350
Cash                 1,128,381          9,804      1,128,381          9,804
Working capital        935,826       (126,866)       935,826       (126,866)
Shareholders'
 equity              1,218,804        267,680      1,218,804        267,680
---------------------------------------------------------------------------

A complete financial reporting package for the quarter ended September 30, 2010 is available on Sedar http://www.sedar.com or by contacting the Company.

About Realm Energy

Realm Energy International Corporation is a Canadian domiciled global energy company focused on the exploration and development of major shale plays throughout Europe and emerging countries. The Company is in the process of acquiring petroleum and natural gas rights and conducting exploration activities over large contiguous tracts of land which it has identified as high potential, and is committed to leveraging the most advanced shale technology to bring these resources into production.

Visit Realm Energy's website at www.realmenergy.ca.

REALM ENERGY INTERNATIONAL CORPORATION

Craig A. Steinke, Chairman & Chief Executive Officer

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" within the meaning of applicable Canadian provincial securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the required Exchange acceptance of the Transaction (as defined above). Forward-looking statements are necessarily based upon estimates and assumptions that, while considered by the Company's management to be reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; or delay or failure to receive regulatory approvals. There can be no assurance that the Company will secure the final acceptance of the Transaction from the TSX Venture Exchange, or that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Curve Communications - Media Contact Brian Paterson 604.684.3170 ext. 102 /C: 778.319.4165 brian@curvecommunications.com Contact Financial - Investor Relations Keir Reynolds 604-689-7422 keir@contactfinancial.com Realm Energy International Corporation - Corporate Enquiries Kevin Rathbun Chief Financial Officer 604.637.4974 ext. 33 info@realmenergy.ca www.realmenergy.ca

Realm Energy International Cp (TSXV:RLM)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024 Plus de graphiques de la Bourse Realm Energy International Cp
Realm Energy International Cp (TSXV:RLM)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024 Plus de graphiques de la Bourse Realm Energy International Cp