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News
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News Releases
2008 February 29
XEMPLAR ENERGY INCREASES OVER ALLOTMENT OPTION
Vancouver, February 29th, 2008 - XEMPLAR ENERGY CORP.
ANNOUNCES INCREASE TO THE OVER ALLOTMENT OPTION RELATING TO THE
FINANCING ANNOUNCED ON FEBRUARY 29, 2008
Xemplar Energy Corp. and Canaccord Capital Corp. have agreed to
modify the over allotment option related to the financing Xemplar
announced in Stockwatch on Feb. 29, 2008. The over allotment will
now consist of 3,334,000 units for total proceeds of $10,002,000.
Upon the full exercise of the over allotment, the financing will
total $20,004,000.
See the company's news release in Stockwatch on Feb. 29, 2008, for
further details relating to this financing.
Completion of the placement is subject to the approval of the TSX
Venture Exchange.
On behalf of the Board of Directors,
Xemplar Energy Corp
“W.G. McDowall”
President and CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN.
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