AltaCanada closes convertible debenture offering



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    TSX-V SYMBOL: ANG

    CALGARY, June 27 /CNW/ - AltaCanada Energy Corp. (the "Corporation") has
closed its previously announced Convertible Debenture offering raising
$2,174,650.00. Eleven participants included 3 directors, and an officer, James
Collins ($1,500,000) Michael Hibberd ($100,000) Donald Foulkes ($55,000) and
Brian Page ($25,000).
    Proceeds will be directed to the exploration and development drilling
program in Blaine County, Montana.

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.





For further information:

For further information: Don Foulkes, President & CEO, Telephone: (403)
265-9091 (ext 248), Fax: (403) 265-9021, Email: info@altacanada.com; Don
Jackson, Exec VP & COO, Telephone: (403) 265-9091 (ext 234), Fax: (403)
265-9021

Organization Profile

ALTACANADA ENERGY CORP.

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