HOT OFF THE WIRE

Legacy Oil + Gas Inc. announces closing of note financing with CPPIB Credit Investments Inc. and maintenance of syndicated bank

Legacy Oil + Gas Inc. announces closing of note financing with CPPIB Credit 
Investments Inc. and maintenance of syndicated bank  facilities 
CALGARY, Nov. 15, 2012 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the 
"Company") (TSX: LEG) is pleased to announce that it has closed the previously 
announced issuance to CPPIB Credit Investments Inc., ("CII"), a wholly-owned 
subsidiary of the CPP Investment Board, of US$200 million of unsecured, five 
year term notes with a 7.5% coupon (the "Notes"). The Notes were issued 
pursuant to a trust indenture with a Canadian trust company, which provides 
for an additional US$100 million of notes available at a future date, subject 
to the approval of both CII and Legacy on terms to be confirmed at the time of 
issuance. 
In addition, the Company is pleased to announce the closing of the semi-annual 
review of its bank facility with its syndicate of lenders, led by BMO Capital 
Markets as Administration Agent, and The Bank of Nova Scotia and National Bank 
of Canada as Co-Syndication Agents and including BMO Capital Markets, The Bank 
of Nova Scotia, Alberta Treasury Branches, National Bank of Canada, Canadian 
Imperial Bank of Commerce, The Toronto-Dominion Bank and JP Morgan Chase Bank 
NA as lenders. The borrowing base was maintained at C$525 million after taking 
into account the issue of the Notes. 
Legacy has applied the net proceeds of the Notes to reduce borrowings under 
its syndicated credit facility. The Company has no intent to increase 
overall leverage, but has pursued the investment by CII for the purposes of 
increasing liquidity, improving financial flexibility and diversifying its 
sources of capital. The introduction of the Notes improves the long term 
sustainability of Legacy's business model. 
Legacy is a uniquely positioned, technically driven intermediate oil and 
natural gas company with a proven management team committed to aggressive, 
cost-effective growth of light oil reserves and production in large 
hydrocarbon in-place assets and resource plays. Legacy's common shares trade 
on the TSX under the symbol LEG. 
Trent J. Yanko, P.Eng. President + CEO 
 Legacy Oil + Gas Inc. 4400, 525 - 8th Avenue S.W. Calgary, AB T2P 1G1 
 Telephone: 403.441.2300 Fax: 403.441.2017 
Matt Janisch, P.Eng. Vice-President, Finance + CFO 
 Legacy Oil + Gas Inc. 4400, 525 - 8th Avenue S.W. Calgary, AB T2P 1G1  
Telephone: 403.441.2300 Fax: 403.441.2017 
SOURCE: Legacy Oil + Gas Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/November2012/15/c8493.html 
CO: Legacy Oil + Gas Inc.
ST: Alberta
NI: OIL LOAN MNA  
-0- Nov/15/2012 23:38 GMT