Border Petroleum Inc.
NEX BOARD : BOP.H

August 31, 2009 18:38 ET

Border Announces Debt Settlement

CALGARY, ALBERTA--(Marketwire - Aug. 31, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Border Petroleum Inc. (NEX:BOP.H) ("Border" or the "Corporation") announces that it has entered into a settlement agreement effective March 1, 2009 with a third party whereby 250,000 common shares of the Corporation will be issued at $0.20 per share and $25,035.05 in cash in satisfaction of outstanding debt obligations. The agreement will be subject to regulatory approval and the common shares issued will be subject to a four month hold period, in accordance with applicable securities laws.

About Border

Border is a Calgary, Alberta based oil exploration company.

Neither TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Border Petroleum Inc.
    Tyler Cran
    Director
    (403) 538-8441