Date Closed

July 9, 2013

Lead Office

Calgary

Value

9.60 Million CAD

On July 9, 2013, Greenfields Petroleum Corporation announced that it had completed its previously announced brokered offering of common shares by issuing 821,800 Common Shares, at a price of $3.40 per Common Share, for gross proceeds of approximately $2.8 million (the Brokered Offering). In combination with the previously completed non-brokered private placement which closed on June 25, 2013, the company has raised, in aggregate, gross proceeds of approximately $9.6 million.

The Brokered Offering was conducted through a syndicate of agents led by FirstEnergy Capital Corp. and including Casimir Capital Ltd.

Greenfields, headquartered in Houston, Texas, is a junior oil and natural gas corporation focused on the development and production of proven oil and gas reserves principally in the Republic of Azerbaijan.

McCarthy Tétrault LLP represented Greenfields, the issuer, with a team led by Sony Gill, and including Xiaodi Jin, TJ Kang and Hass Keshavji.