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Doxa Energy Adjusts Terms of Warrants

Doxa Energy Adjusts Terms of Warrants 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/06/12 -- Doxa
Energy Ltd. (TSX VENTURE:DXA)(OTCQX:DXAEF)(FRANKFURT:5D0) ("Doxa" or
the "Company") reports that it has extended the expiry date and/or
reduced the exercise price on all of its issued and outstanding share
purchase warrants. In order to implement these amendments, the TSX
Venture Exchange first required that Doxa Energy receive written
consent from 100% of warrantholders and that it also implement a
forced exercise provision to the terms and conditions of all affected
warrants. The amended warrants, including all changes to their terms
and conditions are outlined below. 


 
--  All Doxa share purchase warrants issued on May 18, 2010, expiring May
    18, 2013 have had their exercise price per share reduced from $0.75 to
    $0.30. The expiry date of May 18, 2013 remains unchanged. In the event
    that the closing price of Doxa Energy's shares is $0.375 or higher for
    ten consecutive trading days, the holders of the May 18, 2010 warrants
    will thereafter have 30 days in which to exercise their warrants or they
    will otherwise expire.
 
--  All Doxa share purchase warrants issued on November 23, 2010, expiring
    November 23, 2012, will now expire on November 23, 2013. The exercise
    price per share of the November 23, 2010 warrants has been reduced from
    $0.55 to $0.30. In the event that the closing price of Doxa Energy's
    shares is $0.375 or higher for ten consecutive trading days, the holders
    of the November 23, 2010 warrants will thereafter have 30 days in which
    to exercise their warrants or they will otherwise expire. 
 
--  All Doxa share purchase warrants issued on both June 30, 2011 and on
    July 6, 2011, expiring on June 30, 2014 and July 6, 2014 respectively
    have had their exercise price per share reduced from $0.475 to $0.30.
    The expiry dates of the June 30, 2014 and on July 6, 2014 warrants
    remain unchanged. In the event that the closing price of Doxa Energy's
    shares is $0.375 or higher for ten consecutive trading days, the holders
    of the June 30, 2011 warrants and the July 6, 2011 warrants will
    thereafter have 30 days in which to exercise their warrants or they will
    otherwise expire.

 
The Company will be immediately issuing a news release in the event
that any of the aforementioned forced exercise mechanisms are
implemented.  
Doxa Energy wishes to express its appreciation to all warrantholders
for supporting these amendments.  
About Doxa Energy Ltd. 
Doxa Energy Ltd. develops and maintains a portfolio of producing and
developing conventional and unconventional assets, including the
Mississippian Lime Play of northern Oklahoma and the Eagle Ford Shale
Oil Play in south Texas. 
John D. Harvison, President, Chief Executive Officer 
Statements in this press release other than purely historical
information, including statements relating to the Company's future
plans, objectives or expected results, constitute forward-looking
statements. Forward-looking statements are based on numerous
assumptions and are subject to the risks and uncertainties inherent
in the Company's business, including risks inherent in oil and gas
exploration and development, and uncertainties in connection with
anticipated commodity prices for oil and natural gas, growth of
worldwide market demand, exploration capital requirements, length of
asset life and availability of qualified personnel, among others As a
result, actual results may vary materially from those described in
the forward-looking statements. 
This news release does not constitute an offer to sell or the
solicitation of an offer to buy any securities of the Company in the
United States. The securities of Doxa have not been registered under
the U.S. Securities Act of 1933, as amended, or any state securities
laws, and may not be offered or sold in the United States or to or
for the account or benefit of a U.S. person unless so registered or
pursuant to an available exemption from the registration requirements
of such Act or laws. 
Neither TSX Venture Exchange nor its Regulation Services providers
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
Doxa Energy Ltd.
Paul McKenzie
604.662.3692
604.662.3231 (FAX)
info@doxaenergy.com
www.doxaenergy.com
 
 
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