/NOT FOR DISTRIBUTION TO NEWSWIRE SERVICES OR FOR DISSEMINATION OUTSIDE OF CANADA / CALGARY, Nov. 8, 2013 /CNW/ - Caracal Energy Inc. ("Caracal" or the "Company"), (LSE: CRCL) today announced pricing and placement details of a previously disclosed common share offering. Caracal has agreed to issue an aggregate of 27,862,994 new common shares (the "New Shares") by way of the Canadian Offer and the Global Offer at a price of U.S. $7.24 per New Share or £4.50 per New Share, for aggregate total proceeds of U.S. $201,829,776. The Canadian Offer is being underwritten by a syndicate of investment dealers consisting of RBC Dominion Securities Inc., FirstEnergy Capital Corp., Canaccord Genuity Corp. and Barclays Capital Canada Inc. Caracal intends to apply the principal part of the net proceeds of the Canadian Offer and Global Offer by the end of 2014 to fund the acceleration of its exploration program.