White Fire Energy Ltd.

White Fire Energy Ltd.

June 09, 2005 13:58 ET

White Fire Energy Ltd. Announces Closing of the $10.1 Million Equity Financing

CALGARY, ALBERTA--(CCNMatthews - June 9, 2005) - White Fire Energy Ltd. (TSX:WF) ("White Fire") is pleased to announce the closing of the equity financing that was previously announced on May 19, 2005. White Fire has issued 2,000,000 common shares $2.55 per common share and 1,575,000 flow-through common shares at a price of $3.18 per flow-through common share, for total gross proceeds of C$10,108,500. The proceeds of the issue will be used to fund White Fire's ongoing exploration and development program and was completed through a syndicate of underwriters co-led by Tristone Capital Inc. and GMP Securities Ltd., and included FirstEnergy Capital, JF Mackie & Company and Trilon Securities.

Contact Information

  • White Fire Energy Ltd.
    Bob Rosine
    President & CEO
    (403) 232-4850
    White Fire Energy Ltd.
    Stuart Symon
    (403) 232-4851