CALGARY, Oct. 12 /CNW/ - Vital Resources Corp. ("Vital") (CNQ Exchange -
VITL; Frankfurt Stock Exchange - VZN) is pleased to announce a non-brokered
private placement for gross proceeds of $500,000. Vital will issue 5 million
common shares at a price of $0.10 per share.
All securities issued in connection with this private placement are
subject to a four month hold period that expires on February 12, 2007. The
proceeds of the private placement will be used for general corporate purposes.
Vital Resources is a Calgary-based international junior oil and gas
exploration company which is continuing to review oil and gas opportunities.
THE CNQ DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
For further information:
For further information: Vital Resources Corp., Kevin Worth, Investor
Relations, Phone: (403) 668-1645, Email: firstname.lastname@example.org, Website:
www.vitalrescorp.com; Syndicated Capital Corporation, A. Salman Jamal, Phone:
(604) 694-1994, Toll Free: 1-888-410-1994, Email: email@example.com,