CVN 1.79% 27.5¢ carnarvon petroleum limited

poe announcement 6th july

  1. 881 Posts.
    CALGARY, ALBERTA--(Marketwire - July 5, 2007) -

    THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY
    UNITED STATES NEWS SERVICES.

    Pan Orient Energy Corp. ("Pan Orient" or the "Company") (TSX VENTURE:POE)
    announced today that it plans to raise, by way of a non-brokered private
    placement, approximately $5,000,000 through the issue of common shares at a
    price of $4.25 per share.

    The net proceeds from the offering will be used by Pan Orient to accelerate
    exploration on the Company's 100% owned concession L53/48, located onshore
    Thailand, and new venture opportunities in Thailand, India and Indonesia.


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