CALGARY, Alberta, Sept. 25 /PRNewswire-FirstCall/ -- The following was
released on behalf of the Board of Forum Energy Corporation, by Larry W.
Youell, President and CEO:
Forum Energy Corporation (OTC Bulletin Board: FRUEF.OB) (the
"Corporation") is pleased to announce the closing of a second portion of the
previously announced private placement of up to 24,000,000 common shares of
the Corporation at US$0.10 per share. The closing of the second portion of
the private placement was completed on September 24, 2003, when the
Corporation issued 2,100,000 common shares for the aggregate proceeds of
US$210,000.
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 for
more information please contact Mr. Larry Youell Tel: 403-290-1676 e-mail
lyouell@forumenergy.com web site http://www.forumenergy.com
SOURCE Forum Energy Corporation
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Related links:
http://www.forumenergy.com
CONTACT:
Mr. Larry Youell of Forum Energy Corporation,
+1-403-290-1676, or lyouell@forumenergy.com
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