NIMIN ENERGY RECEIVES CERTIFICATE OF INTENT TO DISSOLVE
AND ANNOUNCES INITIAL DISTRIBUTION
Carpinteria, CA September 24, 2012 NiMin Energy Corp. (TSX:NNN) (the Company or NiMin) announces that further to the approval of holders of
common shares (Common Shares) of NiMin (Shareholders) of the sale of all or substantially all of the Companys assets (Sale of Assets) and the voluntary liquidation and dissolution of the
Company at the annual and special meeting of shareholders on June 26, 2012 and the sale of substantially all of the Companys assets, all as previously announced, NiMin has filed a Statement of Intent to Dissolve with the Registrar of
Corporations (Alberta) (Registrar) and a Certificate of Intent to Dissolve has been issued by the Registrar pursuant to Subsection 212(5) of the Business Corporations Act (Alberta).
NiMin also announces that its wholly-owned subsidiary, Legacy Energy, Inc., a Delaware corporation, dissolved in accordance with the laws of Delaware on
September 17, 2012.
The Companys board of directors has declared an initial distribution to shareholders of US$1.01 per Common
Share in connection with the winding up of NiMin. The distribution will be made as a return of capital to shareholders of record at the close of business on October 9, 2012, and the stated capital of the Company will be reduced accordingly.
The ex-distribution date is October 4, 2012 and accordingly Common Shares will trade on an ex-distribution basis commencing on October 4, 2012 (the due bill process will not be used). The distribution will be payable on
October 22, 2012.
Further details regarding the amount of funds available for distribution to Shareholders upon completion of the
liquidation and payment of the liabilities of the Company will be provided in a subsequent press release. Upon conclusion of the liquidation and winding-up process, NiMin intends to apply for a Certificate of Dissolution from the Registrar.
About NiMin Energy
is a public company whose shares are listed for trading on the Toronto Stock Exchange (TSX) under the symbol NNN.
This news release contains forward-looking statements and information (forward-looking statements) within the
meaning of applicable securities laws including statements regarding further announcements regarding the liquidation and dissolution of the Company, initial and future distributions to Shareholders and payment of the initial distribution. Although
NiMin believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based upon currently available information to NiMin. Such statements are subject to known and unknown risks, uncertainties and
other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in forward-looking statements. The risks, uncertainties, material assumptions and other
factors that could affect actual results are discussed in more detail in NiMins management information circular and its Annual Information Form/Annual Report on Form 10-K and other documents available at
www.sedar.com and www.sec.gov. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this
release, and, except as required by applicable law, NiMin does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The
forward-looking statements contained in this document are expressly qualified by this cautionary statement. NiMin undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of NiMin or the
transactions discussed herein.
Jonathan Wimbish, CFA
NiMin Energy Corp.
Chief Financial Officer
+1 (805) 566-2900