Huntington Exploration Inc.

Huntington Exploration Inc.

October 07, 2005 09:30 ET

Huntington Announces Warrant Exercise

CALGARY, ALBERTA--(CCNMatthews - Oct. 7, 2005) - Huntington Exploration Inc. (TSX VENTURE:HEI) ("Huntington") is pleased to announce that 2,245,597 common shares were issued upon exercise of common share purchase warrants, including broker warrants (the "Warrants"), for gross proceeds to Huntington of $449,119. The Warrants were issued as part of an equity offering in December 31, 2004 and were exercised at an exercise price of $0.20 per common share. The Warrants expired on September 30, 2005. Huntington has no other outstanding warrants or common equity dilution. The number of outstanding common shares of Huntington has been increased to 26,756,323 as a result of the issue.

The net proceeds will be used will be used for funding the Corporation's exploration and development activities. Huntington is an oil and gas exploration company actively pursuing opportunities in the petroleum and natural gas business in the Western Canadian sedimentary basin.

Huntington Exploration Inc. is listed on the TSX Venture Exchange under the symbol "HEI".

This news release may contain forward-looking information. Actual future results may differ materially from those contemplated.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Huntington Exploration Inc.
    C. Alan Smith
    (403) 237-7766
    Huntington Exploration Inc.
    Andrew S. Burgess
    Vice President
    (403) 237-7766
    (403) 237-6027 (FAX)