CALGARY, Aug. 8 /CNW/ - Result Energy Inc. ('Result'; TSX-V: RTE)
announces that on August 8, 2008 it completed an expedited non-brokered
private placement of common shares related to the land acquisition in the Horn
River Basin, which was previously announced on July 14, 2008.
The securities issued will be subject to a four-month hold period from
the date of closing. Following completion of this placement, Result has
63,487,660 common shares outstanding.
Result Energy Inc. is a publicly traded Canadian energy company involved
in the exploration and development of oil and gas properties in western
Canada. Result trades on the TSX Venture Exchange under the symbol "RTE".
The TSX Venture Exchange does not accept responsibility for the
adequacy and accuracy of this release.
For further information:
For further information: William Matheson, President & CEO, Result
Energy Inc., (403) 777-0007