Amseco Exploration Ltd.

Amseco Exploration Ltd.

October 17, 2007 08:00 ET

Amseco Announces an Increase of the Size of its Private Placement and an Extension of its Warrants Term

PIEDMONT, QUEBEC--(Marketwire - Oct. 17, 2007) - Subject to the approval of the TSX Venture Exchange, Amseco Exploration Ltd. (TSX VENTURE:AEL) (the "Corporation" or "Amseco") is pleased to announce an increase of the size of its private placement from 450,000$ to 500,000$. The private placement was initially disclosed in the press release of the Corporation dated October 5, 2007.

Subject to the approval of the regulatory authorities having jurisdiction over the securities of the Corporation, Amseco has agreed to extend the term of the 2,204,000 outstanding share purchase warrants (the "Warrants") to October 24, 2008. These outstanding Warrants were initially going to expire on October 24, 2007

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

Contact Information

  • Amseco Exploration Ltd.
    Bertrand Dufour
    President and Chief Executive Officer
    450-240-0522 (FAX)