JOURNEY RESOURCES CORP.
1208 – 808 Nelson Street
Vancouver, B.C. V6Z 2H2
Tel: (604) 633-2442
NEWS RELEASE
September 25, 2007 | TSX-VENTURE: JNY |
| FRANKFURT: JL4 |
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JOURNEY RESOURCES CORP.ANNOUNCES |
PRIVATE PLACEMENT - $500,000 @ $0.25 PER UNIT |
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VANCOUVER, BRITISH COLUMBIA - The Company is pleased to announce that, subject to regulatory approval, it has arranged a non-brokered private placement of up to 2,000,000 units at $0.25 per unit for total proceeds of $500,000. Each unit consists of one common share and one half of a share purchase warrant, each full warrant exercisable to purchase one additional share at $0.35 per share for two years. Shares issued pursuant to this Private Placement, as well as any share issued pursuant to the exercise of the warrants, are subject to a four-month hold period from the date of closing. Finder’s fees may be payable in connection with portions of the private placement.
The net proceeds from the financing will be used for general working capital purposes.
For Investor information, contact Jack Bal at (604) 633-2442, toll free 1-800-667-1442, e-mailjack.centerline@telus.net, or visit websitewww.journeyresourcescorp.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Jatinder (Jack) Bal”
JATINDER (JACK) BAL
Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.