Xemplar Energy Corp.
Xemplar Energy Corp.: Xemplar Energy arranges $10-million financing
Xemplar Energy Corp. / Miscellaneous/Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- XEMPLAR ENERGY CORP. ANNOUNCES $10,002,000 BOUGHT DEAL FINANCING Xemplar Energy Corp. (TSX-Venture: XE, Frankfurt: E7R, Namibia: XEM) has arranged a bought-deal private placement with Canaccord Capital Corp. of 3,334,000 units at a price of $3 per unit for gross proceeds of $10,002,000. A unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to subscribe for one additional common share at a price of $4 for a period of 24 months from the date of closing. As consideration to the underwriter, Xemplar has agreed to pay a commission of 7 per cent of the total proceeds raised upon closing and issue underwriter warrants equal to 7 per cent of the units issued pursuant to this offering. The company has also granted the underwriters an overallotment option to increase the offering by up to 1,667,000 units ($5,001,000), exercisable 48 hours prior to closing. The company intends to use the net proceeds from the offering to advance the company's mineral projects in Namibia and for general working capital purposes. On behalf of the Board of Directors, W. G. McDowall President and CEO Xemplar Energy Corp. Value Relations GmbH U.thomas@vrir.de T:+49 069 959246-17 29.02.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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