Find Energy Ltd.
TSX : FE

Find Energy Ltd.

August 18, 2005 12:41 ET

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

CALGARY, ALBERTA--(CCNMatthews - Aug. 18, 2005) -

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

Find Energy Ltd. (TSX:FE) ("Find") announces that it has closed its previously announced bought-deal private placement of 1,000,000 common shares issued on a flow-through basis at an issue price of $7.60 per share, for aggregate gross proceeds of $7.6 million. The financing syndicate was led by FirstEnergy Capital Corp. and included Sprott Securities Inc. and Maison Placements Canada Inc.

Net 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
    or
    Find Energy Ltd.
    Jeffrey P. Jongmans
    C.F.O
    (403) 232-4809
    (403) 232-4824 (FAX)
    Website: www.findenergy.ca