CARPINTERIA, CALIFORNIA — (Marketwire) — 09/12/11 — NiMin Energy Corp. (TSX: NNN)(OTCBB: NEYYF)(OTCQX: NEYYF)(PINK SHEETS: NEYYF) (“NiMin” or the “Company”) today announced that the remaining warrants associated with its September 2009 financing have expired. The warrants had a term of two years from the date of issuance, and each warrant was exercisable into one common share at a price of Cdn$1.55 per share. NiMin issued 11.44 million of these warrants and 5.35 million were exercised during the two year term for gross proceeds of Cdn$8.3 million. The remaining 6.09 million warrants expired without being exercised. The Company currently has 69,834,396 common shares issued and outstanding, 2,285,900 warrants outstanding and 8,475,001 stock options outstanding.
About NiMin Energy
NiMin is a California based independent oil and gas exploitation and production company with principal operations in the Bighorn Basin of Wyoming, the San Joaquin Basin in California and South Louisiana onshore areas of the U.S. The Company has over 27 million barrels of proved and probable reserves, 97% of which are oil.
Contacts:
NiMin Energy Corp.
Jonathan Wimbish, CFA
Chief Financial Officer
+1 (805) 566-2900
Sard Verbinnen & Co
Dan Gagnier/Jared Levy
+1 (212) 687-8080