Gordon A. Bowerman

April 17, 2008 14:41 ET

Gordon A. Bowerman: Press Release

CALGARY, ALBERTA--(Marketwire - April 17, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Gordon A. Bowerman, President of Cove Resources, Suite 1530, 715 - 5th Avenue S.W., Calgary, Alberta T2P 2X6, announces that he has acquired ownership of 750,000 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 by him with an exercise price of $0.17 per share (the "Acquisition"), which shares Mr. Bowerman has advised, he acquired for investment purposes.

Upon completion of the Acquisition, Mr. Bowerman owns, directly or indirectly or has control or direction over, an aggregate of 8,308,546 common shares of the Corporation, representing approximately 12.9% of the issued and outstanding common shares of the Corporation.

Mr. Bowerman does not currently own, nor does he currently have any rights to acquire, any other securities of the Corporation, other than stock options to acquire 413,250 common shares of the Corporation and share purchase warrants to acquire 900,000 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

  • Cove Resources
    Gordon A. Bowerman
    President
    (403) 262-9558 ext. 232