BRY Bri Chem Corp

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Bri-Chem Corp. (TSX:BRY) ("the Company" or "Bri-Chem") is pleased to announce
that it has entered into an agreement with a syndicate of investment dealers led
by Cormark Securities Inc. and including Beacon Securities Limited and Paradigm
Capital Inc. (the "Underwriters") pursuant to which the Underwriters have agreed
to purchase, on a "bought deal basis" 6,667,000 common shares ("Shares") from
the treasury of the Company, at a price of $1.50 per Share for aggregate gross
proceeds of approximately $10 million (the "Offering").


In addition, the Company has granted the Underwriters an option ("Over-Allotment
Option"), exercisable in whole or in part, to purchase up to an additional
1,000,050 Shares from the treasury of the Company at the offering price
exercisable at any time on or up to 30 days following the closing of the
Offering, for market stabilization purposes and to cover over-allotments, if
any. In the event that the Over-Allotment Option is exercised in its entirety,
the aggregate gross proceeds of the Offering shall be approximately $11.5
million.


The net proceeds of the Offering are intended to be used for further US
expansion and growth opportunities in the drilling fluids division as well as
general working capital.


Closing of the Offering is expected to occur on or about December 20, 2013 and
is subject to certain conditions including but not limited to the receipt of all
regulatory approvals including that of the Toronto Stock Exchange.


The Shares to be issued under the Offering will be offered by way of a short
form prospectus in each of the provinces of Canada, except Quebec, and may be
offered in the United States on a private placement basis pursuant to an
exemption from the registration requirements of the United States Securities Act
of 1933, as amended, and certain other jurisdictions.


The Company is also initiating a strategic review of its steel pipe division
given the potential growth opportunities in the drilling fluids division,
particularly in the United States.


This news release does not constitute an offer of securities for sale in the
United States. The securities being offered have not been, nor will they be,
registered under the United States Securities Act of 1933, as amended, and such
securities may not be offered or sold within the United States absent U.S.
registration or an applicable exemption from U.S. registration requirements.


About Bri-Chem

Since our formation in 1985, Bri-Chem has established two primary segments of
business through a combination of internal growth and acquisitions: Bri-Chem's
Drilling Fluid Division is North America's largest independent wholesale
supplier of drilling fluids for the oil and gas industry. We provide over 100
drilling fluid products, cementing, acidizing and stimulation additives from 31
strategically located warehouses throughout Canada and the United States;
Bri-Chem's Steel Pipe Division is the first company to introduce and construct a
Thermal Pipe Expansion (TPE) facility in North America for manufacturing,
testing and supply of large diameter seamless steel pipe for the energy
industry. Additional information about Bri-Chem is available at www.sedar.com or
at Bri-Chem's website at www.brichem.com.


Forward-Looking Statements

Certain information set forth in this news release contains forward-looking
statements or information ("forward-looking statements"), including statements
which may contain words such as "could", "should", "expect", "anticipate",
"believe", "will", and similar expressions and statements relating to matters
that are not historical facts are forward looking statements. In this press
release, these statements relate to the closing of the Offering, the use of
proceeds of the Offering and the strategic review of the steel pipe division. By
their nature, forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond the Company's control, including the
impact of general economic conditions, industry conditions, volatility of
commodity prices, currency fluctuations, environmental risks, demand for
oilfield services for drilling and completion of oil and natural gas wells;
volatility in market prices for steel, oil, natural gas, and natural gas liquids
and the effect of this volatility on the demand for oilfield services generally,
competition from other industry participants, the lack of availability of
qualified personnel or management, stock market volatility and the ability to
access sufficient capital from internal and external sources. Although the
Company believes that the expectations in our forward-looking statements are
reasonable, our forward-looking statements have been based on factors and
assumptions concerning future events which may prove to be inaccurate. Those
factors and assumptions are based upon currently available information. 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 the
forward looking information. As such, readers are cautioned not to place undue
reliance on the forward looking information, as no assurance can be provided as
to future results, levels of activity or achievements. The risks, uncertainties,
material assumptions and other factors that could affect actual results are
discussed in our Annual Information Form and other documents available at
www.sedar.com. Furthermore, the forward-looking statements contained in this
document are made as of the date of this document and, except as required by
applicable law, the Company 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.


To receive Bri-Chem news updates send your email to ir@brichem.com.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Bri-Chem Corp.
Jason Theiss
CFO
(780) 577-0595
jtheiss@brichem.com
www.brichem.com


CHF Investor Relations
Robin Cook
Account Manager
(416) 868-1079
Juliet@chfir.com


CHF Investor Relations
Cathy Hume
CEO
(416) 868-1079 x231
cathy@chfir.com

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