Jumbo Announces Closing of Non-Brokered Private Placement
February 12 2008 - 8:42AM
Marketwired
TORONTO, ONTARIO (TSX VENTURE: JBO) is pleased to announce that
it has closed a non-brokered private placement (the "Private
Placement") of 2,000,000 common shares, priced at $0.05 per common
share, for gross proceeds of $100,000.
The proceeds from the Private Placement will be used for general
working capital purposes.
The common shares issued pursuant to the Private Placement are
subject to a four-month hold period expiring on June 9, 2008. No
finder's fee, commission or other compensation will be paid in
connection with the Private Placement.
For further information on Jumbo please visit the website at
www.jumbodevelopment.com.
Shares Outstanding: 57,365,992
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Jumbo Petroleum Corporation Glenn Laing CEO, President
and Chief Operating Officer (416) 368-2114 Jumbo Petroleum
Corporation Fred Christensen Chairman (416) 368-3259 Website:
www.jumbodevelopment.com
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