Petromin Announces Private Placement
Wednesday, 26 September 2007
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 26, 2007) - Petromin Resources Ltd. (TSX VENTURE:PTR) (the "Company") is pleased to announce a non brokered private placement of up to 5,664,000 common shares at a price of $0.38 per share for gross proceeds of CDN $2,152,320.00. The Company proposes to use the proceeds of the private placement for development of existing business operations, the investigation of new opportunities, and for general working capital purposes. The Company may pay finder's fees in connection with the private placement. The private placement is subject to TSX Venture Exchange approval.
On Behalf of the Board of Directors of Petromin Resources Ltd.
Kenny W. Chan, Co-Chairman and Chief Executive Officer