Raven Energy Ltd.

Raven Energy Ltd.

September 06, 2005 12:12 ET

Raven Energy Ltd. to Complete Private Placement

CALGARY, ALBERTA--(CCNMatthews - Sept. 6, 2005) - Raven Energy Ltd. (TSX VENTURE:RVL) ("Raven") announced today that it intends to complete a private placement of up to 1,500,000 common shares with attached "flow-through" tax benefits to certain insiders and arm's length investors at $2.20 per share for gross proceeds of up to $3,300,000. The gross proceeds will be used by the company for working capital.

Raven Energy Ltd. is a public oil and gas exploration, development and production company actively identifying and evaluating exploration prospects in the oil and gas industry in the Province of Alberta.

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

Contact Information

  • Raven Energy Ltd.
    Laurie Smith
    President and Chief Executive Officer
    (403) 264-9058
    (403) 264-9558 (FAX)