Vital Resources Corp. - Closing of Private Placement



    CALGARY, Dec. 5 /CNW/ - Vital Resources Corp.,("Vital") (CNQ Exchange
-VITL; Frankfurt Stock Exchange - VZN) an energy company based in Calgary
Alberta, is pleased to announce that it has closed a private placement for
gross proceeds of $151,000. Vital issued 1,887,500 common shares at a price of
$0.08 per common share. All securities issued in connection with this private
placement are subject to a four month hold period that expires on April 6,
2008. The proceeds of the private placement will be used to fund Vital's
capital commitments and for general corporate purposes.
    After giving effect to the private placement, Vital has 41,665,960 common
shares issued and outstanding.

    THE CNQ DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
    ACCURACY OF THIS RELEASE

    %SEDAR: 00022969E




For further information:

For further information: Michael Whitehead, Chief Executive Officer of
Vital, at phone: (403) 668-1645

Organization Profile

VITAL RESOURCES CORP.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890