Unbridled Energy Corporation
TSX VENTURE : UNE
FRANKFURT : O4U

Unbridled Energy Corporation

September 24, 2007 08:30 ET

Unbridled Energy Corporation Announces $700,000 Unit Private Placement

CALGARY, ALBERTA and PITTSBURGH, PENNSYLVANIA--(Marketwire - Sept. 24, 2007) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Unbridled Energy Corporation (TSX VENTURE:UNE)(FRANKFURT:O4U) (the "Company") announces that it is proposing to sell by way of a non-brokered private placement up to 1,555,556 Units at a price of $0.45 per Unit for approximate gross proceeds of $700,000 (the "Offering"). Each Unit will comprise one common share and one common share purchase warrant (a "Warrant"). Each Warrant will be exercisable to acquire one additional common share at a price of $0.75 per share for a period of 12 months from the closing. Company management expects that the net proceeds of the Offering will be used to fund expenses arising in connection with future property acquisitions and general corporate purposes. The completion of the Offering is subject to the acceptance of the TSX Venture Exchange.

By Order of the Board of Directors

Unbridled Energy Corporation

Craig Steinke, Chairman

Forward-Looking Statement Caution

This press release contains certain "forward-looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation, relating to completing a private placement financing and the proposed use of the proceeds of that financing. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include: the volatility of the market price for the Company's shares and for natural gas prices, company operations being adversely affected by weather conditions, the possibility that exploration efforts will not yield economically recoverable quantities of gas, accidents and other risks associated with oil and gas exploration and development operations, the risk that the Company will encounter unanticipated geological factors, the Company's need for and ability to obtain additional financing, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration and development plans, and the other risk factors discussed in greater detail in the Company's various filings on SEDAR (www.sedar.com) with Canadian securities regulators and its filings with the U.S. Securities and Exchange Commission, including the Company's Form 20-F (Amended) dated January 9, 2007.

This Press Release, required by applicable Canadian laws, is not for distribution to U.S. News Services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These Securities have not been registered under the United States Securities Act of 1933, as amended, or any state Securities Laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

The TSX Venture Exchange has not reviewed or accepted responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Unbridled Energy Corporation
    Mark Mastiliak
    Investor Relations Consultant
    1-800-940-6781