News Releases
April 21, 2005
E-Energy raises $480,000; loses Limerick deal
Mr. Malcolm Fraser reports
PRIVATE PLACEMENT CLOSEDE-Energy Ventures Inc. has closed its private placement reported in Stockwatch
on Feb. 21, 2005. The shares have a hold period expiry date of Aug. 12, 2005.
The placement comprised eight million units at six cents per unit for a total of
$480,000, where each unit consists of one common share of the company and one
share purchase warrant having a one-year term for the purchase of one further
common share of the company at the exercise price of 12 cents per share.
The company also wishes to announce the granting of one million stock options
having an exercise price of 12.5 cents per share. These options will have an
exercise term of five years.
The company further advises that it has received the completed National
Instrument 43-101 report on the Stormy Mountain molybdenum property in regard of
the acquisition agreement entered among Impala Resource Services Ltd. and Elite
Vantage Development Ltd. which has been submitted to the TSX Venture Exchange
for approval.
Fiinally, the company announces that it shall not be proceeding with the letter
of intent with Limerick Mines Ltd. which was terminated on April 6, 2005, by
notice from Limerick.
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