CALGARY, Feb. 21 /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 the second tranche of its
previously announced private placement. Vital issued 1,579,715 common shares
at a price of $0.08 per common share for gross proceeds of $126,377. All
securities issued pursuant to this second tranche are subject to a four month
hold period that expires on June 16, 2008. The proceeds of the private
placement will be used to fund Vital's capital commitments and for general
Following the completion of the second tranche of this private placement,
Vital has 43,245,675 common shares issued and outstanding.
Vital also announces that it has accepted the resignation of one of its
directors, Lawrence Dick, effective February 21, 2008.
THE CNQ DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
For further information:
For further information: Michael Whitehead, Chief Executive Officer of
Vital, at phone: (403) 668-1645