/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
CALGARY, March 5 /CNW/ - Poplar Point Energy Inc. (the "Corporation") is
pleased to announce that it has issued an aggregate of 3,257,333 flow-through
common shares at a price of $0.30 per share (the "Private Placement") for
gross proceeds of $997,199.90.
The flow-through common shares were sold on an agency basis by Research
Capital Corporation ("Research"). Research was paid an agent's fee equal to 9%
of the gross proceeds raised in the Private Placement, plus it received an
agent's warrant which entitles it to acquire 65,147 common shares at a price
of $0.30 per share at any time until 4:00 p.m. (Calgary time) on August 26,
The proceeds from the Private Placement will be used towards the
Corporation's drilling program.
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