NR2 Resources Corporation

March 15, 2005 11:14 ET

NR2 Resources Corporation Announces Completion of Initial Public Offering


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NR2 RESOURCES CORPORATION

TSX VENTURE SYMBOL: NRR

MARCH 15, 2005 - 11:14 ET

NR2 Resources Corporation Announces Completion of
Initial Public Offering

CALGARY, ALBERTA--(CCNMatthews - March 15, 2005) - NR2 Resources
Corporation (TSX VENTURE:NRR) (the "Corporation") announced today the
completion of its initial public offering of 5,000,000 common shares at
a price of $0.10 per share for aggregate gross proceeds to the
Corporation of $500,000 (the "Offering").

Jennings Capital Inc. acted as lead agent with Leede Financial Markets
Inc. and Union Securities Ltd. acting as sub-agents in connection with
this Offering. Jennings Capital Inc., Leede Financial Markets Inc. and
Union Securities Ltd. were granted options to acquire up to an aggregate
of 500,000 common shares in the capital of the Corporation at a price of
$0.10 per share.

The Corporation will be actively pursuing a qualifying transaction as
defined by the TSX Venture Exchange - Policy 2.4 - Capital Pool
Companies.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    NR2 Resources Corporation
    Greg F. Kautz
    Chief Financial Officer
    (403) 512-6970
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.