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October 23, 2015, TRINITY FILES PETITION AGAINST ANDERSON COUNTY LAND COMPANY IN TEXAS DISTRICT COURT

October 23, 2015, Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”), Trinity Valley Energy Corp. (TSX Venture-TE) (the “Company”) announces that on October 16, 2015 it filed a Petition against Anderson County Land Company and three of its principals (together, the “Defendants”) in the District Court of Anderson County, Texas.

Among other claims, the Company alleges in its petition that the Farm-In Agreement, which incorporated a joint operating agreement (the “Farm-In Agreement”) between the Company and Anderson County Land Company dated February 6, 2013 contained material misstatements and omissions. The Company also alleges in its petition that three principals of Anderson County Land Company are jointly and severally liable with Anderson County Land Company.

ON BEHALF OF THE BOARD

“Michael Dake”

Michael Dake President

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

October 2, 2015, TRINITY COMPLETES SHARES FOR DEBT SETTLEMENT AND RECIEVES NOTICE OF CIVIL CLAIM

October 2, 2015, Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”), Trinity Valley Energy Corp. (TSX Venture-TE) (the “Company”) announces it has completed the shares for debt transactions previously announced on September 23, 2015.

Pursuant to the shares for debt transaction, the Company has settled an aggregate of $200,000.00 in outstanding debt to non-arm’s length parties, through the issuance of 4,000,000 common shares at deemed prices of five cents per share. The shares issued in connection with the debt settlements are subject to a hold period of four months and a day expiring on January 31, 2016.

Finally, the Company was served with a Notice of Civil Claim filed by Anderson County Land Company (“Anderson County”), in the British Columbia Supreme Court. The claim relates to alleged amounts owing under the Farm In Agreement between the Company and Anderson County dated February 6, 2013. Anderson County is seeking US$58,506.57 plus interest (from and after July 1, 2015 at a rate of 13% per annum) and costs.

The Company intends to vigorously defend the action and reserves its right to pursue all legal rights and remedies available to it in connection with the proceedings.

ON BEHALF OF THE BOARD

“Michael Dake”

Michael Dake President

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

September 23, 2015, TRINITY VALLEY ANNOUNCES SHARES FOR DEBT TRANSACTION

September 23, 2015, Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”), Trinity Valley Energy Corp. (TSX Venture-TE) (the “Company”) has entered into shares for debt agreements, to settle an aggregate of $200,000.00 in outstanding debt to non-arm’s length parties, through the issuance of 4,000,000 common shares at deemed prices of five cents per share.

The shares issued in connection with the debt settlements will be subject to a hold period of four months and a day from issuance. The completion of the debt settlement is subject to the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

“Michael Dake”

Michael Dake President

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

September 17, 2015, EARLY WARNING REPORT ISSUED PURSUANT TO NATIONAL INSTRUMENT 62-103 ACQUISITION OF SHARES OF TRINITY VALLEY ENERGY

September 17, 2015, Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”), Trinity Valley Energy Corp. (TSX Venture-TE) (the “Company”) This press release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the “Early Warning Report”) regarding the acquisition of the Company’s shares by Texas Oil & Gas, LP. As a result of a non-brokered private placement (the “Private Placement”), the Company issued into escrow 34,765,160 common shares (the “Common Shares”) of the Company at a price of CDN$0.043 per share for gross proceeds of US$1,250,000 and 100 preferred shares (the “Preferred Shares”) of the Company with no par value at a price of $10,000 per preferred share for gross proceeds of US$1,000,000. All of the Common Shares, Preferred Shares and US$2,250,000 (the “Investment Amount”) are held in escrow by Brooks Law, LLP as escrow agent (the “Escrow Agent”) to be released in accordance with the Company’s and Texas Oil’s joint instructions on the completion of certain conditions precedent set out in the escrow agreement (the “Escrow Agreement”) among the Company, Texas Oil and the Escrow Agent. The votes attached to the Common Shares cannot be exercised by Texas Oil until such Common Shares are released from escrow. Currently, the Company beneficially owns 34,765,160 Common Shares and 100 Preferred Shares, of which 6,953,032 Common Shares have been released from escrow. The balance of the Common Shares and Preferred Shares remain in escrow subject to release on completion of certain conditions precedent set out in the Escrow Agreement. The 6,953,032 Common Shares represent approximately 10% of the issued and outstanding voting shares of the Company. The Common Shares and Preferred Shares were acquired for investment purposes and the Company may increase or decrease its beneficial ownership or control depending on market or other conditions. A copy of the Early Warning Report may be found on www.SEDAR.com

ON BEHALF OF THE BOARD

“Michael Dake”

Michael Dake President

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

July 17, 2015, TRINITY VALLEY ENERGY CORP. RECEIVES SHAREHOLDER APPROVAL OF CREATION OF A CONTROL PERSON AND CLOSES NON-BROKERED PRIVATE PLACEMENT

July 17, 2015, Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”), Trinity Valley Energy Corp. (TSX Venture-TE) (the “Company”) announces that it received disinterested shareholder approval for the creation of the Control Person (as that term is defined in TSX Venture Exchange (the “Exchange”) Policy) at its annual general and special meeting (“AGSM”) held on July 16, 2015. All other resolutions tabled at the Company’s AGSM were also approved by the shareholders.

Trinity also announces it has closed its previously announced private placement (see news release June 3, 2015) (the “Private Placement”) with Texas General Oil & Gas, LP (“Texas Oil”).

In connection with the closing of the Private Placement, the Company has issued into escrow 34,765,160 common shares (the “Common Shares”) of the Company at a price of CDN$0.043 per share for gross proceeds of US$1,250,000 and 100 preferred shares (the “Preferred Shares”) of the Company with no par value at a price of $10,000 per preferred share for gross proceeds of US$1,000,000.

The Common Shares and Preferred Shares are subject to a four-month hold period from the date of issuance. The Preferred Shares will not be non-tradable and will not be listed on the Exchange.

All of the Common Shares, Preferred Shares and US$2,250,000 (the “Investment Amount”) will be held in escrow by Brooks Law, LLP as escrow agent (the “Escrow Agent”) and released in accordance with the Company’s and Texas Oil’s joint instructions on the completion of certain conditions precedent set out in the escrow agreement (the “Escrow Agreement”) among the Company, Texas Oil and the Escrow Agent. Texas Oil and the Company are diligently working toward meeting the conditions precedent.

Any Investment Amount released from escrow, will be used by the Company for ongoing Farm-in expenditures on the Days Chapel Project and to increase the Company’s working interest in the Days Chapel EOR Project (as defined in the Farm-in and Joint Operating Agreement between the Company and Anderson County Land Company), located in Anderson County, East Texas (in which the Company has a 33.33% working interest) and for general working capital.

The Company’s newly elected board of directors and management team consists of Mr. Jeffrey Cocks, Chairman, CEO, and Director, Mr. Michael Dake, President and Director, Chris Hobbs, CA, Chief Financial Officer and Corporate Secretary, Mr. Eugene Gauthier, P.Eng, Director, Doug Strebel, Director and Jerry Minni, CA, Director.

ON BEHALF OF THE BOARD

“Michael Dake”

Michael Dake President

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

June 19, 2015, Trinity Appoints New Director

June 19, 2015, Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”), Trinity Valley Energy Corp. (TSX Venture-TE) (the “Company”) is pleased to announce the appointment of Mr. Douglas W. Strebel, to its board of directors.

Mr. Strebel is an experienced executive, investment banker and tax attorney with a focus on the energy industry, where he has spent over 30 years of his career. Mr. Strebel has a JD from University of Houston and a BS in Finance from San Diego State University. He is currently focused on oil & gas acquisition, development and production activities through Texas General Oil & Gas, LP (“Texas Oil”) as an asset owner; and, La Roca Energy, LP, (“La Roca”) as an asset operator; both affiliates of Black River Capital, LLC (“Black River”), his longstanding investment entity.

Mr. Strebel served as a Director with Donaldson Lufkin & Jenrette and Credit Suisse First Boston from 2000 to 2002. Prior to forming La Roca and Texas Oil, Mr. Strebel served as the President of Bluescape Resources Company LLC (“Bluescape Resources”) from 2008 to 2011, where he led the company’s Marcellus operated assets initiative and its minerals acquisition program collectively acquiring over 600,000 acres in the Appalachian basin. During his time with Bluescape Resources, Mr. Strebel also led efforts to generate proceeds in excess of $800 million through various joint ventures and divestiture strategies.

Before venturing into resource development, Mr. Strebel was the founder and Chief Executive Officer Black River, an energy focused investment bank with a depth of transactional and operating experience. From 2004 to 2007 Black River advised on over $60 billion in transactions. Mr. Strebel also spent seventeen years at Royal Dutch Shell where he acted as head of U.S. Exploration & Production M&A and General Tax Counsel.

Mr. Strebel will be responsible for leading all aspects of the investment, management and operations on the Company’s Days Chapel Project.

Mr. Strebel, along with Mr. Richard M. Cheatham are co-founding principals of Texas Oil, an entity with which the Company recently announced a non-brokered private placement for US$2,250,000, subject to TSX Venture Exchange and shareholder approval (see news release dated June 3, 2015). Mr. Cheatham is an oil and gas entrepreneur and former senior executive of Occidental Oil and Gas and Hunt Oil. ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

June 3, 2015, TRINITY VALLEY ENERGY CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR US$2,250,000

June 3, 2015, Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”), Trinity Valley Energy Corp. (TSX Venture-TE) (the “Company”) announces that is has entered into a binding letter of intent with Texas General Oil & Gas, LP (“Texas Oil”) pursuant to which Texas Oil has agreed to invest for US$2,250,000 (“Investment Amount”) in the Company by way of a private placement (the “Private Placement”) subscription of 34,765,160 common shares (the “Common Shares”) of the Company at a price of CDN$0.043 per share for gross proceeds of US$1,250,000 and 100 preferred shares of the Company with no par value at a price of $10,000 per preferred share (the “Preferred Shares”) for gross proceeds of US$1,000,000 (the “Redemption Price”), subject to TSX Venture Exchange (“Exchange”) approval and shareholder approval.

The Preferred Shares will have the following rights and restrictions:

• non-voting, non-convertible into common shares;

• annual dividend of fifteen percent (15%) of the Redemption Price. No dividends shall be paid on any common shares unless dividends are paid according to the terms herein on all of the Preferred Shares;

• maximum total return: accumulated total return to a maximum of two hundred percent (200%) of the Redemption Price less the amount of any dividends paid on the Preferred Shares from the date of issuance, relative to the other equity shareholders of the Company, which will be paid out on the Automatic Redemption Date (defined below), subject to the Company’s ability to make such payment in accordance with applicable laws;

• nonsubordinable to the issuance of any additional shares, common shares or preferred, debt or any other issuance whatsoever by the Company. The Preferred Shares cannot be diluted under any circumstances without the prior written consent of Texas Oil;

• preference in the event of liquidation or winding up of the Company (entitled to receive—in preference to the holders of common shares—the Redemption Price plus any accrued but unpaid dividends as of the date of the winding up or liquidation or the guaranteed minimum return, whichever is greater. The remaining balance of the proceeds from the liquidation will then be allocated to the common shareholders on an as-converted basis. At the option of the holders of the Preferred Shares, a merger, sale of all or substantially all of the assets of the Company, reorganization or other transaction in which majority control of the Company is transferred may be treated as a liquidation, dissolution or winding up for purposes of the liquidation preference. Notwithstanding anything to the contrary herein, it is specifically understood that Texas Oil’s acquisition of fifty percent (50%) of the Company’s common stock will not be treated as a liquidation, dissolution or winding up for purposes of the liquidation preference;

• the Company will redeem the Preferred Shares from Texas Oil on the earlier of: (i) the seventh (7th) anniversary after the original date of issuance of the Preferred Shares; or (ii) sixty (60) days from the date the Company achieves proved developed reserves of one million (1,000,000) barrels of oil (the “Automatic Redemption Date”); and

• transferable without restriction or consent of Company or other subsequent investors, to any third party and for any reason whatsoever, including but not limited to, pledging the Preferred Shares as collateral, subjecting the Preferred Shares to a lien, or selling all or a portion of the Preferred Shares to a closely-held entity.

The Common Shares and Preferred Shares will be subject to a four-month hold period from the date of issuance. The Preferred Shares will not be non-tradable and will not be listed on the Exchange.

As the Private Placement will result in Texas Oil holding 50% of the issued and outstanding common shares of the Company (on a non-diluted basis) and becoming a “Control Person” (as that term is defined in the Exchange’s policies), the Company will seek disinterested shareholder approval of the creation of the Control Person at its annual general and special meeting (“AGSM”) scheduled for July 16, 2015. Shareholders of the Company will also be asked to approve an amendment (the “Amendment”) to the Company’s Notice of Articles and Articles to create the Preferred Shares. In the event the Company receives shareholder approval for the Amendment, the Company will issue Texas Oil 100 Preferred Shares which will be held in escrow by Brooks Law, LLP as escrow agent (the “Escrow Agent”).

All of the Common Shares, Preferred Shares and Investment Amount will be held in escrow by the Escrow Agent and released in accordance with the Company’s and Texas Oil’s joint instructions on the completion of certain business milestones, which will be set out in an escrow agreement (the “Escrow Agreement”) to be entered into by the Company, Texas Oil and the Escrow Agent. The details of the Escrow Agreement will be disclosed in the Company’s Information Circular for the AGSM. In the event shareholder approval of the creation of a Control Person is not received, the Investment Amount will be returned to Texas Oil and the Common Shares will be returned to treasury.

In the event shareholder approval of the Amendment is not received, the Company will not issue the Preferred Shares.

Any Investment Amount released from escrow, will be used by the Company for ongoing Farm-in expenditures on the Days Chapel Project and to increase the Company’s working interest in the Days Chapel EOR Project (as defined in the Farm-in and Joint Operating Agreement between the Company and Anderson County Land Company), located in Anderson County, East Texas (in which the Company has a 33.33% working interest) and for general working capital.

The Private Placement is being conducted in accordance with the Exchange bulletin dated April 7, 2014, discretionary waivers of five-cent minimum pricing requirement.

ON BEHALF OF THE BOARD

 

Michael Dake President

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

May 29th, 2015, TRINITY VALLEY ENERGY CORP. ANNOUNCES RESIGNATION OF RONALD BOURGEOIS

May 29th, 2015, Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”), Trinity Valley Energy Corp. (TSX Venture-TE) (the “Company”) announces the resignation of Ronald Bourgeois as a Director of the Company. The Company would like to thank Mr. Bourgeois for his contributions to the board during his appointment to the Board of Directors.

ON BEHALF OF THE BOARD

 

Michael Dake President

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


May 5th, 2015, Trinity Valley Completes Updated Reserve Report At Days Chapel

May 5th, 2015, Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”) and Anderson County Land Company (“ACLC”) have received and filed on SEDAR an independent NI 51-101 compliant independent reservoir engineering report (“F1”) effective January 1, 2015 from RJ Naas LLC, an independent petroleum engineer. This report is on the Days Chapel Enhanced Oil Recovery (“EOR”) Project (“Days Chapel” or the “Project”), located in Anderson County, East Texas approximately 110 miles southeast of Dallas, Texas. This reservoir engineering report contains the following highlights: Gross 100% probable reserves of 6,698,880 barrels, with the Company’s 33.33% working interest representing 2,199,600 barrels. This is an increase of 1,064,320 barrels from the 1,135,280 barrels in the December 2012 51-101F1 prepared by RJ Naas LLC Based on a flat non- escalated price of US$70.00 per barrel, the future undiscounted cash flow to the Company is $78,797,273 which is future oil revenues less the cumulative of all future royalties, production taxes, operating costs and required capital ($12,386,000). The present value of future undiscounted cash flow on a 10% discounted basis is $36,044,800 and on a 15% discounted basis the present value is $25,512,160. The Company’s investment to date in the Days Chapel project is US$1.5MM. The in situ value of a barrel of oil to the Company at Days Chapel based on a 10% discounted future cash flow is $16.41 These results from the reservoir engineering report, the completed STARS (“thermal reservoir simulator and advanced recovery processes”) modeling, along with the results of the coring program complete the data catalogue which will now determine the optimal combination of technology and techniques to commercially exploit the Days Chapel Carrizo Oil Pool. About The Days Chapel Project The Days Chapel oilfield in Anderson County, East Texas is shallow Carrizo sand (Eocene Formation) at a depth of 550 feet to 700 feet. The formation lacks natural reservoir “drive” in the form of solution natural gas or water drive. Accordingly, it must be artificially heated to enable the oil to be produced. The Days Chapel oilfield is one of a number of contiguous Carrizo oilfields in the southern part of Anderson County. Whereas the Carrizo formation lacks natural reservoir energy in the form of solution natural gas or water drive, in the late 1960’s Shell Oil Company developed the Slocum field, less thantwo miles south of Days Chapel with a full scale steam-injection using vertical well 7-spot injection patterns.

The Days Chapel Project has established infrastructures that include paved highways throughout the property, rail access, a sale gas pipeline runs through property, good water sources with rights, valid lease and Mineral Deeds have been assembled by ACLC over a 4-year period. The Project is strategically located close to the Gulf Coast Refineries in the Houston Ship Channel and Beaumont/Lake Charles areas, offering significantly higher oil price differential to Canadian oil producers (Heavy Oil) per barrel.

Gerrard Kiefer, Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.

ON BEHALF OF THE BOARD

 

Michael Dake President

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.