TIDMAEY 
 
Antrim Energy Inc. Announces Annual and Special Meeting of Shareholders and Plans to Seek Approval to Voluntarily Dissolve the Corporation 
FOR:  ANTRIM ENERGY INC. 
 
TSX VENTURE SYMBOL:  AEN 
AIM SYMBOL:  AEY 
 
August 4, 2016 
 
Antrim Energy Inc. Announces Annual and Special Meeting of Shareholders and Plans to Seek Approval to 
Voluntarily Dissolve the Corporation 
 
CALGARY, ALBERTA--(Marketwired - Aug. 4, 2016) - 
 
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. 
 
Antrim Energy Inc. ("Antrim" or "the Corporation") (TSX VENTURE:AEN)(AIM:AEY), an international oil and gas 
exploration company, announces that it will hold its Annual and Special Meeting (the "Meeting") of shareholders 
at the offices of Burstall Winger Zammit LLP, located at Suite 1600, 333 - 7th Avenue SW, Calgary, Alberta on 
Tuesday August 30, 2016 at 2:00 p.m. (Calgary time) at which meeting Shareholders will be asked to consider 
and, if thought fit, to adopt a special resolution authorizing the voluntary dissolution of the Corporation 
pursuant to Section 212 of the Business Corporations Act (Alberta), and following provision for satisfaction of 
any and all liabilities and obligations owed to the creditors of the Corporation, the return of any residual 
capital to shareholders (collectively, the "Dissolution Resolution"). 
 
All financial figures are unaudited. 
 
Background 
 
Since the divestiture of the Corporation's producing UK oil and gas assets in 2014, the Corporation has been 
examining various strategic alternatives, including potential business combinations, to maximize Shareholder 
value. The Corporation has also been actively engaged in reviewing various options that could lead to 
generating value from the Corporation's remaining appraised, but undeveloped UK oil and gas assets and 
exploration licence offshore Ireland. 
 
Between Antrim's own extensive technical, operational and financial due diligence over this period and the 
continued divergent views that exist between buyers and sellers, Antrim has been unable to conclude a 
transaction on terms that the Board of Directors believe would be satisfactory to Shareholders. With ongoing 
uncertainty as to the Corporation's ability to conclude a transaction that will maximize Shareholder value, the 
Board of Directors of the Corporation (the "Board") has concluded that it is in the best interest of the 
Shareholders and the Corporation to submit to the Shareholders a proposal for the voluntary liquidation and 
dissolution of the Corporation in accordance with the provisions of the Business Corporations Act (Alberta) 
(the "Dissolution"), and to distribute to Shareholders a return of capital in the form of a cash distribution 
(the "Distribution") currently estimated at Cdn $0.05 per Common Share (being an aggregate of approximately US 
$7,150,000, assuming the Distribution occurs in December 2016 and an exchange rate for the Canadian dollar of 
US $0.77: Cdn $1.00). If the return of capital of Cdn $0.05 per Common Share is achieved, this will represent a 
premium of approximately 80% over the three month average daily closing price of the Common Shares on the TSXV. 
 
To the extent that the Corporation's expenses, liabilities and obligations are higher than current estimates, 
or if any unforeseen obligations arise, if the Dissolution is delayed, or if the exchange rate of the U.S. 
Dollar versus the Canadian Dollar changes unexpectedly, the actual amount distributed to Shareholders may be 
lower, and possibly substantially lower, than the anticipated net asset value per Common Share based on the 
above figures. 
 
The amount of the payment(s) shall be determined by the Board after repaying the Corporation's obligations and 
reviewing potential tax and other liabilities of the Corporation, including costs related to the Dissolution 
such as the winding-up of the Corporation's subsidiaries. Should an opportunity arise prior to completion of 
the Distribution that in the Board's judgement has the potential to provide a superior return to Shareholders, 
the Board may in their discretion delay or revoke implementation of the Dissolution. Similarly, should an 
opportunity arise for the Corporation to sell any of the Corporation's Subsidiaries (or assets of such 
Subsidiaries) prior to the Dissolution, the Board may, in their sole discretion, proceed to sell such 
Subsidiary or Subsidiaries (or assets thereof) on terms acceptable to the Board. 
 
Other Resolutions 
 
At the Meeting, in addition to the annual general business, Shareholders will also be asked to consider and if 
deemed advisable, to pass a resolution, authorizing the Corporation to voluntarily delist its common shares 
from the TSX Venture Exchange (the "TSXV"); and if deemed advisable, to pass a resolution to cancel admission 
of the Corporation's common shares on the AIM Market operated by the London Stock Exchange plc. ("AIM"). The 
Dissolution is conditional on the AIM cancellation resolution being approved by the Shareholders. If the AIM 
cancellation resolution is approved, it is expected that admission of the common shares to trading on AIM will 
be cancelled with effect from 7:00am (UK time) on 9 September 2016. 
 
The full text of the resolutions above is set out in the management information circular of the Corporation for 
the Meeting (the "Circular") to be mailed to Shareholders on or about August 9, 2016 and filed on the Canadian 
System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and our website at 
www.antrimenergy.com. Shareholders are urged to read the Circular carefully and in its entirety. If you are in 
doubt as to how to deal with the matters described in the meeting materials, you should consult your legal, 
tax, financial or professional advisors. 
 
The Corporation also announces that Mr. Jay Zammit will be standing down from the Board at the Meeting. The 
Board would like to thank Jay for his significant contribution to the Corporation. 
 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the 
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 
 
Forward-Looking and Cautionary Statements 
 
This Press Release contains certain statements or disclosures that may constitute forward-looking statements or 
information ("forward-looking statements") under applicable securities laws. All statements and disclosures, 
other than those of historical fact, which address activities, events, outcomes, results or developments that 
management or the directors of the Corporation, anticipate or expect may or will occur in the future (in whole 
or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be 
identified by terms such as "forecast", "future", "may", "will", "expect", "anticipate", "believe", 
"potential", "enable", "plan", "continue", "contemplate", "pro forma" or other comparable terminology. 
 
Forward-looking statements presented in such statements or disclosures may, among other things, relate to: the 
structure and effects of the Distribution and the Dissolution, the anticipated benefits and shareholder value 
resulting from the Dissolution, the timing and completion of the Distribution and the Dissolution, the 
liabilities and obligations of the Corporation, cash distributions, estimated costs of the Dissolution, 
anticipated income taxes, plans and objectives of management in connection with the Distribution and the 
Dissolution and operations until the Distribution and the Dissolution, final costs of the Dissolution, the 
nature and results of operations until completion of the Distribution and the Dissolution and the timing of any 
potential de-listing from the TSXV or from AIM. 
 
Various assumptions or factors are applied in drawing conclusions or making the forecasts or projections set 
out in forward-looking statements. Those assumptions and factors are based on information currently available 
to the Corporation. In some instances, material assumptions and factors are presented or discussed elsewhere in 
this Press Release in connection with the statements or disclosure containing the forward-looking statements. 
 
Shareholders are cautioned that the following list of material factors and assumptions is not exhaustive. The 
factors and assumptions include, but are not limited to: 
 
=-  the approval of the Dissolution Resolution (as defined herein), and the 
    resolutions to de-list from the TSXV and from AIM; 
=-  assumptions made in the "Background" section of the Press Release; and 
=-  no significant event occurring outside the ordinary course of business 
    such as a natural disaster or other calamity relating to the 
    Corporation's properties. 
 
The forward-looking statements or disclosures in this Press Release are based (in whole or in part) upon 
factors which may cause actual results, performance or achievements of the Corporation to differ materially 
from those contemplated (whether expressly or by implication) in the forward-looking statements. Those factors 
are based on information currently available to the Corporation including information obtained by the 
Corporation from third party sources. Actual results or outcomes may differ materially from those predicted by 
such statements or disclosures. While the Corporation does not know what impact any of those differences may 
have, its business, results of operations, financial condition and its credit stability may be materially 
adversely affected. Factors that could cause actual results, performance, achievements or outcomes to differ 
materially from the results expressed or implied by forward-looking statements include, among other things: 
 
=-  the failure to complete the Distribution and the Dissolution; 
=-  the failure to realize the anticipated benefits of the Distribution and 
    the Dissolution; 
=-  the risks that the Dissolution Resolution, or the resolutions to de-list 
    from the TSXV and AIM will not receive all requisite Shareholder and 
    regulatory approvals; and 
=-  the risks associated with legislative and regulatory developments or 
    changes that may affect costs, taxes, revenues and general economic 
    conditions in geographic areas where the Corporation and its 
    subsidiaries operate, timing and extent of changes in prevailing 
    interest rates, currency exchange rates and changes in counterparty 
    risk. 
 
Readers are also specifically referred to "Dissolution of the Corporation - Risk Factors" in the Circular 
available on Antrim's SEDAR profile at www.sedar.com for additional assumptions and risk factors relating to 
the proposed Dissolution. 
 
The Corporation cautions Shareholders that the above list of risk factors is not exhaustive. Other factors 
which could cause actual results, performance, achievements or outcomes of to differ materially from those 
contemplated (whether expressly or by implication) in the statements or disclosure containing forward-looking 
statements are disclosed in the Corporation's publicly filed disclosure documents. 
 
The forward-looking statements contained in this analysis are expressly qualified by this cautionary statement. 
The Corporation is not obligated to update or revise any forward-looking statements, whether as a result of new 
information, future events or otherwise, except as required by applicable laws. Because of the risks, 
uncertainties and assumptions contained herein, readers should not place undue reliance on forward-looking 
statements or disclosures. The foregoing statements expressly qualify any forward-looking statements contained 
herein. 
 
 
-30- 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Antrim Energy Inc. 
Anthony Potter, President, 
Chief Executive Officer and Chief Financial Officer 
+ 1 403 264 5111 
potter@antrimenergy.com 
www.antrimenergy.com 
 
OR 
 
RFC Ambrian Limited 
Will Souter or Indra Ruthramoorthy 
+612 9250 0000 
 
 
 
 
Antrim Energy Inc. 
 

(END) Dow Jones Newswires

August 04, 2016 02:00 ET (06:00 GMT)

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