Petromin Resources Ltd.: Closing of Private Placement
Monday, 05 June 2006
RICHMOND, BRITISH COLUMBIA--(CCNMatthews - June 5, 2006) - Petromin Resources Ltd. (the "Company") (TSX VENTURE:PTR) -
The Company announces that further to its news release of April 18, 2006, the Company has now closed a private placement of 2,350,000 shares (the "Shares") at a price of $0.30 per Share for gross proceeds of $705,000.
All Shares issued pursuant to this private placement have a hold period expiring September 27, 2006. The proceeds of the financing will be used for the continuing exploration and development of the Company's projects.
ON BEHALF OF THE BOARD OF DIRECTORS
KENNY W. CHAN, Chief Executive Officer
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Petromin Resources Ltd.
Kenny W. Chan
Chief Executive Officer
(604) 244-7005 (FAX)