Expedition Energy Inc.

Expedition Energy Inc.

September 07, 2005 11:13 ET

Expedition Energy Inc. Announces $5 Million Best Efforts Private Placement

CALGARY, ALBERTA--(CCNMatthews - Sept. 7, 2005) - Expedition Energy Inc. (TSX VENTURE:XPD) ("Expedition") is pleased to announce that it has entered into an engagement agreement with Emerging Equities Inc. to complete a private placement, on a best efforts basis, for the issuance of a maximum of 9,090,909 common shares at a price of $0.55 per share for gross proceeds of $5 million. Closing is expected to take place on September 28, 2005.

The proceeds from the offering will be used to fund Expedition's exploration and development program in Alberta and Saskatchewan. The offering is subject to the approval of the TSX Venture Exchange.

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

Contact Information

  • Expedition Energy Inc.
    Scott St. John
    President and CEO
    (403) 264-1699
    (403) 264-1499 (FAX)
    Website: www.xpdenergy.com
    Expedition Energy Inc.
    725, 435 - 4th Avenue S.W.
    Calgary, Alberta T2P 3A8
    QIS Capital Corp.
    Doren Quinton
    Investor Relations
    (250) 376-8989
    Email: info@qiscapital.com