Probe Resources Ltd.
TSX VENTURE : PBR

Probe Resources Ltd.

June 06, 2008 16:44 ET

Probe Closes Final Tranche of Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2008) - Probe Resources Ltd. (the "Company") (TSX VENTURE:PBR) is pleased to report that it has completed the second and final tranche closing of the non-brokered private placement, closing on the full $6.4 million announced on May 22, 2008 and further to the first tranche closing announced on June 5, 2008.

Proceeds from the placement have been utilized to acquire certain oil and gas concessions in the US Gulf of Mexico and for general working capital purposes.

About Probe Resources Ltd.

Probe Resources Ltd., along with its wholly owned subsidiary Probe Resources US Ltd. located in The Woodlands, Texas, is an oil and natural gas exploration and production company focused on generating, acquiring, developing, and operating drilling prospects within the Texas and Louisiana Outer Continental Shelf of the Gulf of Mexico.

BY ORDER OF THE BOARD

L. Scott Broussard, President, CEO and Chairman of the Board

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Units in the United States. The Units have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

Contact Information

  • Probe Resources Ltd.
    Morgan Tincher
    VP Finance and Corporate Secretary
    (604) 638-1255
    (604) 638-1265 (FAX)