News Releases
Private Placements and Incentive Stock Options
VANCOUVER, March 21, 2007 - Energy Ventures Inc. (the "Company")
wishes to announce that it has entered into a non-brokered private placement for
the sale of 7,250,000 units at a price of $0.18 for a total of $1,305,000. Each
unit will consist of 1 common share and 1 non-transferable share purchase
warrant for the purchase of 1 further common share of the Company within two
years from the date of closing. The exercise price for the warrants is $0.25 per
share in year 1 and $0.30 per share in year 2. The funds shall be used for the
Company's general working capital and its exploration programs. The maximum
allowable finder's fee shall be payable.
The Company also wishes to announce the granting of incentive stock option
for a total of 400,000 shares at a price of $0.25 per share. The options will
have an exercise term of five years.
On behalf of the Board of Directors
Simon Tam
Director
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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