CALGARY, Aug. 8 /CNW/ - Result Energy Inc. ('Result'; TSX-V: RTE) announces that on August 8, 2008 it completed an expedited non-brokered private placement of common shares related to the land acquisition in the Horn River Basin, which was previously announced on July 14, 2008.
The securities issued will be subject to a four-month hold period from the date of closing. Following completion of this placement, Result has 63,487,660 common shares outstanding.
Result Energy Inc. is a publicly traded Canadian energy company involved in the exploration and development of oil and gas properties in western Canada. Result trades on the TSX Venture Exchange under the symbol "RTE".
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For further information: William Matheson, President & CEO, Result Energy Inc., (403) 777-0007
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