Madalena Announces Closing in Full of Over-Allotment Option

/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, July 7, 2014 /CNW/ - Madalena Energy Inc. ("Madalena" or the 
"Company") (TSXV: MVN and OTC: MDLNF) is pleased to announce that it has 
closed the over-allotment option (the "Over-Allotment Option") in full for its 
previously announced bought deal, short form prospectus offering (the 
"Offering").  Pursuant to the Over-Allotment Option, Madalena issued 
14,715,000 common shares of the Company ("Common Shares") at a price of $0.51 
per Common Share for gross proceeds of $7,504,650.  The total gross proceeds 
under the Offering were $57,535,650. 
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. 
As previously announced, the Company used the net proceeds from the Offering 
to fund the remaining cash component for the acquisition of the Argentinean 
business unit of Gran Tierra Energy Inc. and for general corporate and working 
capital 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 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: 
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CO: Madalena Energy Inc.
ST: Alberta
NI: OIL  
-0- Jul/07/2014 12:39 GMT
 
 
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