Desmarais Energy Corporation
TSX VENTURE : DES

July 15, 2008 18:19 ET

Desmarais Energy Corporation: Press Release

CALGARY, ALBERTA--(Marketwire - July 15, 2008) -

This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

Redbird Resources Limited ("Redbird"), a private Alberta Corporation, has acquired through the facilities of the TSX Venture Exchange an aggregate 2,078,500 common shares of Desmarais Energy Corporation (TSX VENTURE:DES) (the "Company") at an average per share price of $0.15, representing approximately 17.6% of the issued and outstanding common shares of the Company. After giving effect to this acquisition, Redbird will own 2,078,500 common shares of the Company or approximately 17.6% of the issued and outstanding common shares of the Company. The acquisition was made for investment purposes.

A report respecting this acquisition will be filed with the British Columbia and the Alberta Securities Commissions. To obtain a copy of the report contact Dan Davis at (403) 617-8731. Alternatively, the report will be available for viewing at the SEDAR website (www.sedar.com).

Redbird Resources Limited

Daniel R. Davis, President

Contact Information

  • Redbird Resources Limited
    Dan Davis
    President
    (403) 617-8731