Loon Energy Inc.
TSX VENTURE : LEY

Loon Energy Inc.

April 10, 2007 16:46 ET

Loon Engages IR Firm

CALGARY, ALBERTA--(CCNMatthews - April 10, 2007) - Loon Energy Inc. (TSX VENTURE:LEY) ("Loon") is pleased to announce that it has engaged Brisco Capital Partners Corp. ("Brisco"), a Calgary-based company, to provide investor relations services to Loon. Brisco has been engaged to develop and execute an investor relations program that will enhance and expand Loon's investment community exposure domestically and abroad.

Loon has retained Brisco for an initial term of one year commencing on April 1, 2007 subject to regulatory approval and has agreed to pay Brisco a monthly retainer of $6,000, plus reasonable out-of-pocket expenses. In addition, Loon has granted 150,000 stock options to Brisco at an exercise price of $0.50 per common share, expiring on April 11, 2008.

Loon Energy Inc. is a Canadian public company with international oil and gas exploration and development projects in Southeast Asia (Brunei), the Middle East (Syria) and Latin America (Colombia, Peru).

The TSX Venture Exchange neither approves nor disapproves of the information contained herein.

Contact Information

  • Loon Energy Inc. (Calgary)
    Norman W. Holton
    (403) 264-8877
    or
    Loon Energy Inc. (Dubai)
    Timothy M. Elliott
    +971-4-339-5212
    or
    Loon Energy Inc. (Dubai)
    Jock M. Graham
    +971-4-339-5212
    or
    BRISCO (Calgary)
    Gordon Aldcorn
    (403) 262-9888
    Email: galdcorn@shaw.ca