Donnybrook Energy Inc.
TSX VENTURE : DEI

Donnybrook Energy Inc.

December 08, 2010 19:33 ET

Donnybrook Energy Inc.: $2,000,000 Private Placement

CALGARY, ALBERTA--(Marketwire - Dec. 8, 2010) -

NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Malcolm Todd, Chief Executive Officer of Donnybrook Energy Inc. (TSX VENTURE:DEI), reports that the Company is undertaking a non-brokered private placement in the amount of $2,000,000. These funds will be raised through the issuance of 5,000,000 Units at a price of $0.40 per Unit. Each Unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder, on exercise, to acquire one common share for a period of 12 months, at a price of $0.55 per common share.

Fees and commissions will be payable in connection with the private placement. The private placement is subject to the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DONNYBROOK ENERGY INC.

Malcolm Todd, Chief Executive Officer

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

Contact Information

  • Donnybrook Energy Inc.
    Malcolm Todd
    Chief Executive Officer
    (604) 684-2356
    (604) 684-4265 (FAX)