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Donnybrook Energy Inc

Published : June 08th, 2007

Private Placement Increased to $2.8 Million

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Keywords :   Ecuador | Market | United States Of America |
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Coastport Capital Inc.
TSX VENTURE:CPPStock QuoteStock Chart
FRANKFURT:C1J
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June 8, 2007
Coastport Capital Inc.: Private Placement Increased to $2.8 Million
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 8, 2007) -

NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Further to the Company's news release dated May 28, 2007, Mr. David Patterson, President of Coastport Capital Inc. (TSX VENTURE:CPP)(FRANKFURT:C1J), announces that the previously announced non-brokered private placement in the amount of $2,000,000 has been increased. The Company will now issue a total of 5,727,500 units at a price of $0.50 per unit for gross proceeds of $2,863,750.

Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of $0.60 per common share for 24 months from the date of closing (the "Warrants"). However, if over a period of 20 consecutive trading days between the date that is 4 months following the closing date and the expiry of the Warrant, the daily close price of the common shares on the TSX-V exceeds $1.20 on each of those 20 consecutive days, the Company will give written notice to the holders of the Warrants that the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date.

Finders' fees and commissions will be payable in connection with the private placement.

The Company plans to use the net proceeds of this financing primarily for advancement of its projects in Ecuador and for general corporate purposes.

The private placement is subject to TSX Venture Exchange approval.

ON BEHALF OF THE BOARD OF COASTPORT CAPITAL INC.

David Patterson, President

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

CONTACT INFORMATION:

Coastport Capital Inc.
David Patterson
President
(604) 684-0561
Fax: (604) 602-9311
Email: info@coastportcapital.com
Website: www.coastportcapital.com
INDUSTRY: Manufacturing and Production - Mining and Metals

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Data and Statistics for these countries : Ecuador | United States Of America | All
Gold and Silver Prices for these countries : Ecuador | United States Of America | All

Donnybrook Energy Inc
CODE : DEI.V
ISIN : CA2580111052
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Donnybrook Energy is a silver and gold exploration company based in Canada.

Donnybrook Energy holds various exploration projects in Ecuador.

Its main exploration properties are LA PLATA and LA PLATA VMS in Ecuador.
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Financings of Donnybrook Energy Inc
8/20/2010Private Placements Close
8/5/2010Additional Private Placement
7/14/2010$2,000,000 Private Placement
6/20/2007Completes $2,913,750 Private Placement
6/13/2007Completes $5,135,000 Private Placement
6/8/2007Private Placement Increased to $2.8 Million
Project news of Donnybrook Energy Inc
9/6/2012: Bigstone 13-33 Well Production Tubing Installed
5/28/2012Donnybrook Provides the Results of Independent Resource Stud...
1/27/2012: Bigstone Drilling & Operations Update
Corporate news of Donnybrook Energy Inc
4/16/2013Donnybrook Announces Closing of Asset Exchange and Arrangeme...
3/28/2013Donnybrook Announces Details of Anticipated Distribution of ...
2/25/2013Donnybrook Announces Agreement to Sell Simonette and Resthav...
8/1/2012: Montney Operations Update
4/10/2012: Bigstone and Simonette Montney Operations Update
2/29/2012Donnybrook to Spud Third Extended Reach Horizontal Montney W...
2/16/2012Donnybrook Continues to Prove Up Simonette Liquids Rich Mont...
2/2/2012Announces Conveyance of Assets
9/2/2011Enters Into Participation and Farm-Out Agreement
8/26/2011to Reorganize into Two Companies: Donnybrook Energy Inc=2E a...
8/25/2011Spuds Bigstone Horizontal Montney Well; Simonette Montney Lo...
6/22/2011: Deep Basin, West Central Alberta Update
4/13/2011: Deep Basin Operations Update
3/14/2011=2E: Resthaven-Simonette Montney Operations Update Bigstone ...
7/24/2010Financing Increased
6/30/2009has entered into a definitive purchase agreement
4/30/2008 and Cornerstone Declare Force Majeure in Ecuador
4/25/2008 Ecuador Update
1/21/2008Corporate Update
6/7/2007Provides a Review and Update of Interpreted Geophysical Resu...
5/28/2007Announces an Increase to the Overallotment Option Relating t...
5/28/2007Announces $2,000,000 Financing
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