Find Energy Ltd.
TSX : FE

Find Energy Ltd.

July 29, 2005 08:54 ET

Find Energy Ltd. Announces $7.6 Million Flow-Through Financing

CALGARY, ALBERTA--(CCNMatthews - July 29, 2005) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Find Energy Ltd. (TSX:FE) ("Find") announced today that it has entered into a bought deal financing agreement with a syndicate of underwriters led by FirstEnergy Capital Corp. and including Sprott Securities Inc. and Maison Placements Canada Inc. to issue 1.0 million flow-through common shares on a private placement basis at a price of $7.60 per share for gross proceeds of approximately $7.6 million. Completion of this transaction is subject to receipt of all necessary regulatory approvals. This transaction is expected to close August 18, 2005.

Proceeds from this offering will be used to fund Find's on-going exploration program.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction. The Find common shares have not been nor will be registered under the United States Securities Act of 1933, and they may not be offered or sold in the United States absent registration or an exemption from registration.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Find Energy Ltd.
    William T. Davis
    C.E.O
    (403) 232-4802
    (403) 232-4824 (FAX)
    or
    Find Energy Ltd.
    Jeffrey P. Jongmans
    C.F.O
    (403) 232-4809
    (403) 232-4824 (FAX)