Madalena Announces Closing of CDN$50 Million Bought Deal Offering

Madalena Announces Closing of CDN$50 Million Bought Deal Offering 
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE 
U.S./ 
TSXV Trading Symbol: MVN
OTC Trading Symbol: MDLNF 
CALGARY, June 24, 2014 /CNW/ - Madalena Energy Inc. ("Madalena" or the 
"Company") (TSXV: MVN and OTC: MDLNF) is pleased to announce that it has 
closed its previously announced bought deal, short form prospectus offering of 
98,100,000 subscription receipts of the Company ("Subscription Receipts") at a 
price of $0.51 per Subscription Receipt for aggregate gross proceeds of 
$50,031,000 (the "Offering"). The syndicate of underwriters for the Offering 
was led by Dundee Securities Ltd. and included RBC Capital Markets, Haywood 
Securities Inc., Beacon Securities Limited, National Bank Financial Inc., 
FirstEnergy Capital Corp., Mackie Research Capital Corporation, TD Securities 
Inc., Canaccord Genuity Corp., Jennings Capital Inc. and Raymond James Ltd. 
(the "Underwriters"). 
As previously announced, the Company will use the net proceeds from the 
Offering to fund the remaining cash component for the acquisition (the 
"Acquisition") of the Argentinean business unit of Gran Tierra Energy Inc.  
The gross proceeds from the Offering will be held in escrow pending the 
satisfaction of all conditions to the completion of the Acquisition (other 
than funding).  The Acquisition is expected to close on or about June 25, 2014. 
Pursuant to the Offering, the Underwriters have an option, exercisable at any 
time up to 30 days following closing of the Offering, in whole or in part, to 
purchase an additional 14,715,000 Subscription Receipts at a price of $0.51 
per Subscription Receipt to cover over-allotments and for market stabilization 
purposes. 
About Madalena - International and Domestic Assets (Pre-Acquisition) 
Madalena is an independent, Canadian-based, international and domestic 
upstream oil and gas company whose main business activities include 
exploration, development and production of crude oil, natural gas liquids and 
natural gas. 
Internationally, Madalena holds three large blocks within the Neuquén basin 
in Argentina where it is focused on the delineation of large petroleum 
in-place shale and unconventional resources in the Vaca Muerta and Lower Agrio 
shales, in addition to multiple tight sand plays. The Company is also 
implementing horizontal drilling and completions technology to high impact 
international plays and is currently focused on a conventional oil play in the 
Sierras Blancas formation. Madalena holds approximately 132,200 net acres on 
the Coiron Amargo (34,950 net acres), Curamhuele (50,600 net acres) and 
Cortadera (46,650 net acres) blocks. 
Domestically, Madalena's core area of operations is located in the Greater 
Paddle River area of west-central Alberta where the Company holds 
approximately 195 gross (153 net) sections of land (approximately 78% average 
W.I.) encompassing light oil and liquids-rich gas resource plays. Madalena's 
primary domestic focus is to exploit its large inventory of horizontal 
drilling locations on its Ostracod oil and emerging oil & liquids-rich gas 
resource plays. 
Madalena trades on the TSX Venture Exchange under the symbol MVN. Basic 
corporate information, recent news releases and regularly updated corporate 
presentations are available on the Company's website at www.madalenaenergy.com 
Reader Advisories 
Forward Looking Information 
The information in this news release contains certain forward-looking 
statements. These statements relate to future events or our future 
performance, in particular, but not limited to, with respect to the timing of 
closing of the Acquisition and the Company's use of proceeds from the 
Offering. Statements relating to "reserves" are also deemed to be forward 
looking statements, as they involve the implied assessment, based on certain 
estimates and assumptions, that the reserves described exist in the quantities 
predicted or estimated and that the reserves can be profitably produced in the 
future. All statements other than statements of historical fact may be 
forward-looking statements. Forward-looking statements are often, but not 
always, identified by the use of words such as "seek", "anticipate", "plan", 
"continue", "estimate", "approximate", "expect", "may", "will", "project", 
"predict", "potential", "targeting", "intend", "could", "might", "should", 
"believe", "would" and similar expressions. In particular, this news release 
contains forward-looking statements pertaining to operational activities to be 
conducted by the Company. These statements involve substantial known and 
unknown risks and uncertainties, certain of which are beyond the Company's 
control, including: the impact of general economic conditions; industry 
conditions; changes in laws and regulations including the adoption of new 
environmental laws and regulations and changes in how they are interpreted and 
enforced; fluctuations in commodity prices and foreign exchange and interest 
rates; stock market volatility and market valuations; volatility in market 
prices for oil and natural gas; liabilities inherent in oil and natural gas 
operations; uncertainties associated with estimating oil and natural gas 
reserves; competition for, among other things, capital, acquisitions, of 
reserves, undeveloped lands and skilled personnel; incorrect assessments of 
the value of acquisitions; changes in income tax laws or changes in tax laws 
and incentive programs relating to the oil and gas industry; geological, 
technical, drilling and processing problems and other difficulties in 
producing petroleum reserves; and obtaining required approvals of regulatory 
authorities. The Company's actual results, performance or achievement could 
differ materially from those expressed in, or implied by, such forward-looking 
statements and, accordingly, no assurances can be given that any of the events 
anticipated by the forward-looking statements will transpire or occur or, if 
any of them do, what benefits the Company will derive from them. These 
statements are subject to certain risks and uncertainties and may be based on 
assumptions that could cause actual results to differ materially from those 
anticipated or implied in the forward-looking statements. The forward-looking 
statements in this news release are expressly qualified in their entirety by 
this cautionary statement. Except as required by law, the Company undertakes 
no obligation to publicly update or revise any forward-looking statements. 
Investors are encouraged to review and consider the additional risk factors 
set forth in the Company's Annual Information Form, which is available on 
SEDAR at www.sedar.com. 
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release. 
THE SECURITIES OFFERED HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT 
OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES 
ABSENT REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS. THIS 
PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN 
OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THE SECURITIES IN ANY STATE IN 
WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL.
 

SOURCE  Madalena Energy Inc. 
Kevin Shaw, P.Eng, MBA President and Chief Executive Officer Madalena 
Energy Inc. Phone: (403) 262-1901 (Ext. 230) kdshaw@madalenaenergy.com 
Thomas Love, CA VP, Finance and Chief Financial Officer, Madalena Energy Inc. 
Phone: (403) 262-1901 (Ext. 227) tlove@madalenaenergy.com 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/June2014/24/c8479.html 
CO: Madalena Energy Inc.
ST: Alberta
NI: OIL NEWSTK  
-0- Jun/24/2014 12:43 GMT
 
 
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