Gordon A. Bowerman

July 02, 2008 12:42 ET

Gordon A. Bowerman: News Release

CALGARY, ALBERTA--(Marketwire - July 2, 2008) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Gordon A. Bowerman, Chairman & Director of Yangarra Resources Ltd., Suite 1530, 715 - 5th Avenue S.W., Calgary, Alberta T2P 2X6, announces that he has acquired ownership of 800,000 common shares in the capital of Yangarra Resources Ltd. (the "Corporation") (TSX VENTURE:YAN) by the exercise of share purchase warrants of the Corporation owned directly or indirectly by him (the "Acquisition") which, Mr. Bowerman has advised, he holds for investment purposes.

Upon completion of the Acquisition, Mr. Bowerman owns an aggregate of 9,680,046 common shares of the Corporation, representing approximately 13.8% of the issued and outstanding common shares of the Corporation.

Mr. Bowerman also currently has stock options to purchase 313,250 common shares of the Corporation. Mr. Bowerman has indicated he may, depending on market and other conditions, increase or decrease his beneficial ownership, control or direction over the common shares or other securities of the Corporation, through market transactions, private agreements, treasury issuances or otherwise.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

Contact Information

  • Yangarra Resources Ltd.
    Gordon Bowerman
    (403) 262-9558 ext. 232