Sundance Energy Corp. (OTC: SNYXF; TSXV: SNY) will complete a consolidation of its share capital on the basis of one new common share for up to every existing five common shares effective Sept. 30.

Where the exchange results in a fractional share, the number of common shares will be rounded up to the nearest whole common share. The board of directors has unanimously approved the consolidation and thinks that the consolidation should enhance the marketability of the common share as an investment and should facilitate additional financings to fund operations in the future. Shareholder approval of the consolidation was obtained at the annual general and special shareholders meeting held on Dec. 13, 2012. A new CUSIP number of 86724T209 replaces the old CUSIP number of 86724T100, to distinguish between the pre- and post- consolidated shares. The corporation's name and trading symbol will remain unchanged.

Commencing at the opening of trading on Sept. 30, the common shares of the corporation will trade on a post-consolidation basis on the TSX Venture Exchange. Following the consolidation, there are expected to be 15,597,681 post-consolidation shares outstanding.

Additionally, the corporation intends to complete a non-brokered private placement offering of 10% secured subordinated convertible debentures in the principal amount of up to $500,000. The debentures will bear interest at the rate of 10% per annum, payable quarterly and will mature on the date that is the earlier of: (a) five years from the date of issuance; and (b) the date that is 60 days' following the receipt by the corporation of written notice from the holder of a debenture that the term has been reduced to such 60 day date, which notice may be given in the holder's sole discretion at any time during the period from two years from the date of issuance until five years from the date of issuance of the debenture. The debentures will be secured against the personal and real property of the corporation and will be convertible at the holder's option into common shares of the corporation on a post-consolidation basis at a conversion price of: (i) $0.05 per common share until the date that is one year from the closing date; and (ii) $0.10 per common share for the period from the date following one year from the closing date up to and including the maturity date.

A finder's fee of up to 10% of the gross proceeds of the offering may be paid, on all or any portion of the finances raised pursuant to this offering.

The closing of the offering is expected to occur on or about Sept. 30 and is subject to regulatory approval, including approval of the TSX Venture Exchange. For further details on the offering, please contact the corporation. All securities issued in connection with the offering will be subject to a hold period of four months from the date of closing. Net proceeds will be used to finance the continuing capital program and for general working capital purposes.

Sundance Energy Corp. engages in the exploration, development, and production of oil and natural gas properties in Western Canada. The company is headquartered in Calgary.