Petromin Resources Ltd.
TSX VENTURE : PTR

Petromin Resources Ltd.

June 05, 2006 08:00 ET

Petromin Resources Ltd.: Closing of Private Placement

RICHMOND, BRITISH COLUMBIA--(CCNMatthews - June 5, 2006) - Petromin Resources Ltd. (the "Company") (TSX VENTURE:PTR) -

The Company announces that further to its news release of April 18, 2006, the Company has now closed a private placement of 2,350,000 shares (the "Shares") at a price of $0.30 per Share for gross proceeds of $705,000.

All Shares issued pursuant to this private placement have a hold period expiring September 27, 2006. The proceeds of the financing will be used for the continuing exploration and development of the Company's projects.

ON BEHALF OF THE BOARD OF DIRECTORS

KENNY W. CHAN, Chief Executive Officer


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

Contact Information

  • Petromin Resources Ltd.
    Kenny W. Chan
    Chief Executive Officer
    (604) 244-7009
    (604) 244-7005 (FAX)