Huntington Exploration Inc.

Huntington Exploration Inc.

June 14, 2005 10:06 ET

Huntington Closes Private Placement

CALGARY, ALBERTA--(CCNMatthews - June 14, 2005) -

This news release is not for dissemination in the United States or to any United States news services.

Huntington Exploration Inc. (TSX VENTURE:HEI) ("Huntington") announces that it closed a non-brokered private placement on June 10, 2005 consisting of 2,500,000 Common Shares priced at $0.20 per share for total gross proceeds of $500,000. One-half of the Common Shares have been issued on a flow-through basis and all shares issued are subject to a four-month hold period. One-half of the issue was purchased by insiders. The proceeds will be used to fund the joint venture oil and gas drilling program previously announced.

Huntington has now closed the non-brokered private placement previously announced on May 4, 2005.

The proceeds of the private placement will be used for funding the Corporation's exploration and development activities and for general corporate purposes.

No commissions or fees were payable on the private placement.

Huntington is actively pursuing opportunities in the petroleum and natural gas business in the Western Canadian sedimentary basin.

Huntington Exploration Inc. is listed on the TSX Venture Exchange under the symbol "HEI".

The common shares have not and will not be registered under the United States Securities Act of 1933 as amended ('the US Securities Act") or any state securities laws and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the US Securities Act and applicable state securities laws.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

Contact Information

  • Huntington Exploration Inc.
    C. Alan Smith
    (403) 237-7766
    Huntington Exploration Inc.
    Andrew S. Burgess
    Vice President
    (403) 237-7766
    (403) 237-6027 (FAX)