Otterburn Ventures Inc.
CNQ : OTBN

Otterburn Ventures Inc.

June 17, 2008 09:30 ET

Otterburn Ventures Inc. Completes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2008) - Otterburn Ventures Inc. (CNQ:OTBN) (the "Company") is pleased to announce that it has completed a non-brokered private placement for gross proceeds of $100,000 (the "Private Placement").

The Private Placement consists of the issuance of 500,000 units (the "Units") at a price of $0.20 per Unit. Each Unit consists of one common share ("Share") and one half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one additional Share (a "Warrant Share") of the Company at an exercise price of $0.30 per Warrant Share for two (2) years from the closing date of the transaction.

The proceeds of the Private Placement will be used for general working capital purposes.

About Otterburn Ventures Inc.

Otterburn Ventures Inc. is a Canadian exploration company dedicated to bringing quality mineral properties to feasibility.

On Behalf of the Board of Directors

OTTERBURN VENTURES INC.

Robert Cairns, CEO and Director

The CNQ does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Otterburn Ventures Inc.
    Roberts Cairns
    CEO and Director
    (604) 639-4478
    (604) 909-1163 (FAX)
    or
    Otterburn Ventures Inc.
    Jim Newton
    President
    (604) 639-4477