Petroflow Energy Ltd.
TSX VENTURE : PEF

Petroflow Energy Ltd.

June 14, 2007 12:45 ET

Petroflow Energy Announces Private Placement

CALGARY, ALBERTA--(Marketwire - June 14, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Petroflow Energy Ltd. (TSX VENTURE:PEF) ("Petroflow") announces a private placement offering of up to 1,000,000 common shares at a price of $2.10 per common share for aggregate proceeds of up to $2,100,000. Petroflow currently has 24,953,502 shares outstanding. If the private placement financing is fully subscribed, Petroflow will have 25,953,502 common shares issued and outstanding.

This announcement is not an offer of Petroflow's shares in the United States. Petroflow's shares have not been and will not be registered under the U.S. Securities Act and have not been and will not be offered or sold in the United States except in transactions exempt from the registration requirements of that Act.

Statements in this release which describe Petroflow's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of Petroflow to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements.


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

Contact Information

  • Petroflow Energy Ltd.
    John Melton
    President and Chief Executive Officer
    (504) 453-2926
    or
    Petroflow Energy Ltd.
    Duncan Moodie
    Chief Financial Officer
    (403) 539-4320