Dalmac Proposes to Make Acquisition
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EDMONTON, ALBERTA--(Marketwire - July 22, 2008) - John Babic, President and CEO of Dalmac Energy Inc. ("Dalmac") (TSX VENTURE: DAL) announces that further to its news release of June 23, 2008, a formal court order has been issued approving the acquisition by its subsidiary, Dalmac Oilfield Services Inc., of the business and assets of Tinky Rentals Limited Partnership and Tinky Trucking Limited Partnership (the "Tinky Group") for a purchase price of $3.8 million. This transaction will close following the completion of final documentation, which is currently being prepared. The transaction is expected to close during the month of August, 2008.
Statements throughout this report that are not historical facts may be considered "forward looking statements". Such statements are based on current expectations that involve risks and uncertainties, which could cause actual results to differ from those anticipated. Important factors that can cause anticipated outcomes to differ materially from actual outcomes include the impact of general economic conditions, industry conditions, competition from other industry participants, volatility of petroleum prices, the ability to attract and retain qualified personnel, changes in laws or regulations, currency fluctuations, continued ability to access capital from available facilities and environmental risks. References in this MD&A to "Dalmac", the "Corporation", "Company", "us", "we" and "our" mean Dalmac Energy Inc. and its subsidiary Dalmac Oilfield Services Inc.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dalmac Energy Inc.
John Babic
President and CEO
(780) 988-8510
Fax: (780) 988-8512 (FAX)
Email: jbabic@dalmacenergy.com
Source: Dalmac Energy Inc.
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