News Release
EnerGulf Proposes Warrant Expiration Extension
HOUSTON, TX - January 19, 2009 - EnerGulf Resources Inc. (TSX-V:ENG; EKS-Frankfurt)
EnerGulf is proposing to extend by one year, to January 30, 2010, the term of warrants issued in connection with the private placement closed January 30, 2008. The exercise price of $1.35 remains unchanged.
To date, 442,000 of these warrants have been exercised, and the remaining 7,550,140 warrants are outstanding. This extension is not applicable to the warrants issued as finder?s fees.
This proposed extension is subject to TSX Venture Exchange approval.
On Behalf of the Board of Directors of
ENERGULF RESOURCES INC.
Clive Brookes, Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. Certain disclosure in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to EnerGulf's operations as an oil and gas exploration company that may cause future results to differ materially from those expressed or implied by those forward-looking statements and readers are cautioned not to place undue reliance on these statements.
EnerGulf Resources Inc.
200 - 675 West Hastings Street, Vancouver BC, V6B 1N2
Tel: 604.408.1990 Fax: 604.608.4822
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Energulf Resources Inc
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CODE : ENG.V |
ISIN : CA29266X1050 |
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Energulf is a and oil exploration company based in Canada. Energulf holds various exploration projects in Namibia. Its main asset in production is LOTSHI BLOCK in Congo Dem. Rep. of and its main exploration property is KUNENE in Namibia. Energulf is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 1.6 millions, € 1.4 millions). Its stock quote reached its highest recent level on September 30, 2005 at CA$ 6.65, and its lowest recent point on July 05, 2017 at CA$ 0.02. Energulf has 99 320 000 shares outstanding. |