Poplar Creek Resources Inc.

April 12, 2007 17:51 ET

Poplar Creek Announces Completion of Initial Public Offering

CALGARY, ALBERTA--(CCNMatthews - April 12, 2007) - POPLAR CREEK RESOURCES INC. ("Poplar Creek") is pleased to announce that it has completed its initial public offering of 8,100,000 common shares at the price of $0.20 per common share for aggregate gross proceeds of $1,620,000 pursuant to its prospectus dated March 29, 2007, and will be filing all final listing documents with the TSX Venture Exchange Inc. (the "TSX Venture"). As a result of this issuance, the Corporation has 11,900,000 common shares issued and outstanding. The Corporation also granted options to acquire an aggregate of 1,190,000 common shares at an exercise price of $0.20 per share to directors and officers of Poplar Creek and agent's options to acquire an aggregate of 810,000 shares at an exercise price of $0.20 per share. Blackmont Capital Inc. acted as agent in connection with this initial public offering. There has been no material change in the business and affairs of Poplar Creek other than the foregoing.

The directors and officers of the Corporation are:

Donald G.J. Dutton, President, CEO, CFO and Director
Gregory R. Harris, Director
James H. Decker, Director
Lee Nichols, Director
George Watson, Director
Barry Davies, Director
Tonya Pizzey, Corporate Secretary

Poplar Creek is a Capital Pool Company as defined in Policy 2.4 ("Policy 2.4") of the TSX Venture and is therefore subject to and governed by the restrictions of Policy 2.4. Poplar Creek's present intention is to pursue business opportunities in the natural resources sector. Poplar Creek does not own any assets, other than cash, and has not entered into an "Agreement in Principle", as such phrase is defined in Policy 2.4.

The common shares of Poplar Creek will commence trading on the TSX Venture under the symbol "PCK.P" after the final bulletin has been issued by the TSX Venture.

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

Contact Information

  • Poplar Creek Resources Inc.
    Tonya Pizzey
    Corporate Secretary
    (403) 777-9266