Next Millennium Commercial Corp.

June 12, 2008 08:30 ET

Next Millennium Acquires Petroleum and Natural Gas Rights in Utah and Colorado

TORONTO, ONTARIO--(Marketwire - June 11, 2008) - Next Millennium Commercial Corp. ("Next Millennium") (TSX VENTURE:NM) is pleased to announce that it has entered into an agreement with Eternal Energy Corp. to acquire a 50% working interest in and to 5,950 net acres of petroleum and natural gas leases in eastern Utah and western Colorado together with all well data, log analyses and other information respecting the play. The purchase price is US $1,190,160 payable on closing. The company has also agreed to grant to the sellers an overriding royalty on production from the properties at a rate which is variable based on other pre-existing royalty on the properties and which will result in Next Millennium having an 80% interest in its 50% working interest in the properties.

This acquisition is subject to TSX-V approval.

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

Contact Information

  • Next Millennium Commercial Corp.
    Michael Curtis
    President and Chief Executive Officer
    (514) 739-1915
    (905) 248-5353 (FAX)