Masthead Resources Ltd.

August 24, 2005 14:54 ET

Masthead Resources Ltd. Announces Completion of Initial Public Offering

CALGARY, ALBERTA--(CCNMatthews - Aug. 24, 2005) - Masthead Resources Ltd. ("Masthead") is pleased to announce that it has successfully completed its initial public offering through First Associates Investments Inc. of 1,500,000 common shares at a price of $0.20 per share for aggregate gross proceeds of $300,000. Masthead has received conditional listing approval for its common shares on the TSX Venture Exchange and expects that trading will commence shortly under the symbol "MTH".

Masthead is a capital pool company governed by the policies of the TSX Venture Exchange. Masthead's principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Masthead Resources Ltd.
    John Driscoll
    (416) 364-8788
    (416) 364-5615
    c/o 130 King Street West, Suite 2850
    Toronto, Ontario M5X 1A4