Donnybrook Announces Details of Anticipated Distribution of Cequence Shares

Donnybrook Announces Details of Anticipated Distribution of Cequence Shares 
CALGARY, ALBERTA -- (Marketwire) -- 03/28/13 -- Donnybrook Energy
Inc. ("Donnybrook" or the "Company") (TSX VENTURE:DEI) announces that
further to its previously announced agreement to sell the Company's
interest in its Simonette and Resthaven oil and gas properties to
Cequence Energy Ltd. ("Cequence") for consideration consisting of
10.3 million common shares of Cequence ("Cequence Shares") and
Cequence's interest in its Fir oil and gas property, by way of a plan
of arrangement under the Business Corporations Act (Alberta) (the
"Arrangement"), the proposed record date for the pro rata
distribution of Cequence Shares to holders ("Donnybrook
Shareholders") of common shares of Donnybrook ("Donnybrook Shares"),
by way of a return of capital under the Arrangement, is April 12,
2013. The distribution is currently scheduled to be made on April 15,
Pursuant to the TSX Venture Exchange's ("TSXV") Due Bill trading
procedures, trades of Donnybrook Shares entered into from and
including April 10, 2013 until April 15, 2013 (the anticipated
effective date of the Arrangement and distribution payment date) will
have a Due Bill attached which will allow the purchaser of Donnybrook
Shares to receive the applicable distribution of Cequence Shares
instead of the seller of Donnybrook Shares, even if such trades are
settled after the proposed April 12, 2013 distribution record date.
Thus, any trades that are executed during the Due Bill process will
be automatically flagged to ensure that purchasers receive the
entitlement and sellers do not. 
Ex-distribution trading of the Donnybrook Shares will commence at the
opening of the TSXV on April 16, 2013. Investors who enter into
trades to purchase Donnybrook Shares on or after the ex-distribution
date of April 16, 2013 will not be entitled to the distribution. The
Due Bills will be redeemed on April 18, 2013 once all trades with
attached Due Bills entered into up to April 15, 2013 have settled. 
Further information regarding Due Bills and Due Bill trading is
included in Donnybrook's information circular and proxy statement
dated March 15, 2013 that has now been mailed to Donnybrook
Shareholders (also available at The anticipated dates
vided may change for a number of reasons, including inability to
secure necessary shareholder, regulatory, court or other third party
approvals in the time assumed or the need for additional time to
satisfy the other conditions to the completion of the Arrangement.
Accordingly, readers should not place undue reliance on the dates
provided herein. 
Further information relating to Donnybrook is also available on its
website at 
Malcolm F. W. Todd, Chief Executive Officer 
This press release contains forward-looking statements or information
("forward-looking statements") within the meaning of applicable
securities laws. The use of any of the words "will", "expects",
"believe", "plans", "potential" and similar expressions are intended
to identify forward-looking statements. More particularly and without
limitation, this press release contains forward-looking statements
concerning the anticipated timing of the pro rata distribution of
Cequence Shares to Donnybrook Shareholders as a return of capital as
part of the Arrangement. 
The forward-looking statements in this press release are based on
certain key expectations and assumptions made by Donnybrook,
including the receipt of all necessary approvals, including but not
limited to shareholder, court and regulatory approvals including the
approval of the TSX Venture Exchange and the satisfaction of the
conditions to the closing of the transaction. There is no assurance
that these expectations and assumptions will be met or satisfied and
there is therefore no assurance that the transaction will be
completed in the time frame anticipated or at all. 
Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These
include, but are not limited the risks that the transaction may not
close when planned or at all or on the terms and conditions set forth
in the Arrangement Agreement and Asset Exchange Agreement, the
failure to obtain necessary shareholder, court, regulatory and other
third party approvals required in order to proceed with the
transaction, risks that the closing conditions will not be met and
risks associated with the oil and gas industry in general such as:
operational risks in development, exploration and production; delays
or changes in plans with respect to exploration or development
projects or capital expenditures; the uncertainty of reserve
estimates; the uncertainty of estimates and projections relating to
reserve, production, costs and expenses; health, safety and
environmental risks; commodity price and exchange rate fluctuations;
marketing and transportation of petroleum and natural gas and loss of
markets; environmental risks; competition; incorrect assessment of
the value of acquisitions; failure to realize the anticipated
benefits of acquisitions; ability to access sufficient capital from
internal and external sources; stock market volatility; and changes
in legislation, including but not limited to tax laws, royalty rates
and environmental regulations. Readers are cautioned that the
foregoing list of factors is not exhaustive. Additional information
on these and other factors that could affect the operations or
financial results of Donnybrook are included in Donnybrook's Annual
Information Form, management's discussion and analysis and other
documents filed with applicable securities regulatory authorities and
may be accessed through the SEDAR website ( The
forward- looking statements contained in this press release are made
as of the date hereof and Donnybrook undertakes no obligation to
update publicly or revise any forward-looking statements, whether as
a result of new information, future events or otherwise, unless so
required by applicable securities laws. The forward-looking
statements contained in this press release are expressly qualified by
this cautionary statement. 
Donnybrook Energy Inc.
Malcolm Todd
President and Chief Executive Officer
(604) 684-2356
(604) 684-4265 (FAX)
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