Running Fox Resource Corp.

Running Fox Resource Corp.

August 14, 2008 09:30 ET

Running Fox Resource Corp.: Completion of Private Placement Financing at $0.40 for 550,000 Units

CALGARY, ALBERTA--(Marketwire - Aug. 14, 2008) - Running Fox Resource Corp. (TSX VENTURE:RUN)(PINK SHEETS:RFXRF)(FRANKFURT:C8Q) -

Wayne Waters, on behalf of the Board of Directors reports:

Running Fox is a Canadian growth-oriented small cap company with revenues from oilfield services and it also owns oil and gas, uranium, and high grade gold projects. First nine month revenues were $3.568 Million from oilfield services and from natural gas production and sales.

Running Fox has closed a small private placement financing of 550,000 Units at $0.40 per unit, to members of the management of the Company and to a few key associates following Running Fox's acquisition of Accurate Technologies (Wireline Well Logging and Perforations).

The Units are priced at 40 cents for a share and a warrant, exercisable at 40 cents in the first year and 50 cents in the second year. The TSX Venture Exchange has approved the financing.

The shares and warrants are not flow-through shares, and no commissions were paid.

On behalf of the Board of Directors:

Wayne Waters, Running Fox Resource Corp.

The Company relies on legislation applicable to forward looking statements, seeking safe harbour.

Contact Information

  • Running Fox Resource Corp.
    Wayne Waters
    (403) 742-0527