Regal Amends Private Placement

摘要

Regal Energy Ltd. advises that the terms of its previously announced private placement have been amended and that it intends to offer a minimum of 100 million units at a subscription price of five cents per unit for minimum gross proceeds of $5 million.Each unit consists of one common share of the corporation and one common share purchase warrant. Each whole warrant will have an exercise price of 7.5 cents which will be adjusted upwards on an equivalent basis for the consolidation of the common shares of the corporation on approximately 15 common shares for one common share basis pursuant to customary adjustment provisions.