Jura Energy Corporation announces closing of $30.0 million bought deal



    /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY
    AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
    OR DISSEMINATION IN THE UNITED STATES./

    (JEC) TSX

    CALGARY, June 6 /CNW/ - Jura Energy Corporation (the "Company") is
pleased to announce that it has closed an equity financing with a syndicate of
underwriters led by Paradigm Capital Inc., pursuant to which the underwriters
have purchased 26,100,000 common shares of Jura on a bought deal basis, at a
price of $1.15 per share for aggregate gross proceeds to the Company of
approximately $30.0 million (the "Offering"). The net proceeds of the Offering
will be used to fund a portion of the Company's 2007 and 2008 capital program.
    The securities being offered have not been, nor will they be, registered
under the United States Securities Act of 1933, as amended, and may not be
offered or sold in the United States or to, or for the account or benefit of,
U.S. persons absent registration or an applicable exemption from registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
in any state in which such offer, solicitation or sale would be unlawful.

    About Jura:

    Jura Energy Corporation is an international energy company engaged in the
exploration, development and production of petroleum and natural gas
properties with activities conducted exclusively in Pakistan. Jura is based in
Calgary, Alberta, and listed on the Toronto Stock Exchange trading under the
symbol JEC.

    Forward-looking statements: This document contains statements about
expected or anticipated future events and financial results that are
forward-looking in nature and, as a result, are subject to certain risks and
uncertainties, such as general economic, market and business conditions, the
regulatory process and actions, technical issues, new legislation, competitive
and general economic factors and conditions, the uncertainties resulting from
potential delays or changes in plans, the occurrence of unexpected events, and
the Corporation's capability to execute and implement its future plans. Actual
results may differ materially from those projected by management. For such
statements, we claim the safe harbour for forward-looking statements within
the meaning of the Private Securities Legislation Reform Act of 1995.

    The Toronto Stock Exchange has neither approved nor disapproved the
    information contained herein.




For further information:

For further information: Mr. Nigel McCue, President & CEO, Mr. Graham
Garner, Executive Vice President, Tel: (403) 266-6364, Fax: (403) 266-6365,
Website: www.juraenergy.com, E-Mail: info@juraenergy.com

Organization Profile

JURA ENERGY CORPORATION

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