Admiral Bay Announces the Closing of Ft. Scott and BCPL Acquisitions
13 June 2008 - 11:14PM
Marketwired
CENTENNIAL, COLORADO ("Admiral Bay" or the "Company") is pleased
to announce that, after receiving approval from the TSX Venture
Exchange, it has closed its previously announced acquisition of
approximately 39,000 net acres, 28 producing and SI wellbores and a
SWD well in the Ft. Scott Project that immediately offsets its
Devon Project and the 50% interest in the Bourbon County Pipeline
("BCPL") it does not currently own.
The Company issued a total 3 million shares of its common stock
to the owners of the Ft. Scott Project and BCPL, which are subject
to a statutory hold period until October 14, 2008.
Admiral Bay Resources Inc. (www.admiralbay.com) is an emerging
unconventional gas production company focused on the development of
projects in the Cherokee Basin in southeast Kansas and the
Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX
Venture Exchange under the symbol ADB.
Statements in this release that are not historical facts are
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Readers are cautioned
that any such statements are not guarantees of future performance
and that actual developments or results may vary materially from
those in these "forward-looking statements".
The TSX Venture Exchange does not accept responsibility for the
adequacy of this release.
Contacts: Admiral Bay Resources Inc. Steven Tedesco President
& C.E.O. (303) 350-1255 (303) 617-8956 (FAX) Email:
stedesco@admiralbay.com Admiral Bay Resources Inc. Robert Carington
CFO (303) 350-1255 (303) 708-1861 (FAX) Email:
rcarington@admiralbay.com Website: www.admiralbay.com
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