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