CALGARY, Alberta, May 24 /PRNewswire-FirstCall/ -- FORUM ENERGY
CORPORATION (OTC Bulletin Board: FRUEF, Frankfurt/Munich: FE8) ("Forum" or
"The Corporation") announces that on the 24th May 2005 the company closed a
convertible debenture financing for proceeds of US$970,000 before expenses.
The proceeds will be used for general working capital. For further
information please contact enquiries@forumenergy.com
On behalf of the Board of,
FORUM ENERGY CORPORATION
"Larry W. Youell"
President & CEO
This release contains "forward looking statements" as per Section 21E of
the US Securities and Exchange Act of 1934, as amended. Although the Company
believes that the expectations reflected in such forward looking statements
are reasonable, it can give no assurance that such expectations will prove to
have been correct. Management is currently reviewing many options and there is
no assurance that they will not make decisions other than those now
contemplated. The Company is subject to political risks and operational risks
identified in documents filed with the Securities and Exchange Commission,
including changing and depressed oil prices, unsuccessful drilling results,
change of government and political unrest in its main area of operations.
CONTACT:
Larry Youell
Forum Energy
+1-403-290-1676
enquiries@forumenergy.com/
SOURCE Forum Energy Corporation
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Related links:
http://www.forumenergy.com
CONTACT:
Larry Youell of Forum Energy,
+1-403-290-1676, or enquiries@forumenergy.com
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