News & Events

Exchange Bulletin

Toscana Energy Income Corporation To Trade On TSX Venture Exchange

June 10, 2013

BULLETIN TYPE: Prospectus-Debenture, New Listing-Debentures
BULLETIN DATE: June 10, 2013
TSX Venture Tier 1 Company

Prospectus-Debenture Offering
Effective June 4, 2013, Toscana Energy Income Corporation's (the "Company's") short for prospectus (the "Prospectus") dated June 4, 2013 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta and Ontario Securities Commissions on June 4, 2013. The prospectus has also been filed under Multilateral Instrument 11-102 Passport System in British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador. A receipt for the prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of the Instrument have been satisfied.

TSX Venture Exchange has been advised that the closing will occur on June 11, 2013, for gross proceeds of $15,000,000.

Offering:$15,000,000 principal in convertible debentures ("Debentures")

Maturity Date:June 30, 2018

Redemption:The Debentures may be redeemed, at the option of the Company, in whole or in part, upon not more than 60 days and not less than 30 days prior written notice to the debentureholders on or after June 30, 2016. Additional details on the Company's redemption right can be found in the Prospectus

Interest:6.75% Interest is payable semi-annually, on June 30 and December 31 of each year, with first payment occurring on June 30, 2013

Day Count Type: 365 Days

Interest Start Date: June 11, 2013

Subordination:The payment of principal and interest on the Debentures is subordinated in right of payment to the extent set forth in the trust indenture governing the Debentures to the prior payment in full of all existing and future senior indebtedness of the Company.

Conversion:At the option of the holder, each Debenture will convertible at a price of $19.70 per common share of the Company ("Share") at any time prior to the close of business on the earlier of i) the Maturity Date or ii) on the business day immediately preceding the date specified by the Company for redemption of the Debentures

Agents:National Bank Financial Inc.
GMP Securities LP
Macquarie Capital Markets Canada Ltd.
Sprott Private Wealth LP

Agent's Commission:A cash commission equal to 5% of the gross proceeds raised under the Prospectus to be paid to the Agents.

New Listing-Debentures
Effective at the opening on Tuesday, June 11, 2013, the Debentures of the Company will commence trading on TSX Venture Exchange. The Company is classified as an 'Oil & Gas Company' Company.

Corporate Jurisdiction:Alberta

Capitalization:$17,250,000 Debentures with no par value of which $15,000,000 are issued and outstanding

Transfer Agent:Valiant Trust Company
Trading Symbol:TEI.DB
CUSIP Number:89148YAA9

Sponsoring Member(s):National Bank Financial Inc.

Clearing and Settlement:The Debentures will clear and settle through CDS and DTC.

Board Lot:The Debentures will trade in a board lot size of $1,000 face value.

For further information, please refer to the Company's Prospectus dated June 4, 2013.