Camflo International Inc.
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Suite 000- 000 Xxxx Xxxxxx, Xxxxxxxxx, XX XXXXXX X0X 0X0
NEWS RELEASE #2003-03
CFF
Shares Issued:
3,536,666
2003-06-18
CAMFLO ARRANGES $200,000 FINANCING
Camflo International Inc. (“the Company”) has arranged a Can $200,000 private placement. The private placement is for 666,666 units, each unit consisting of one common share and one share purchase warrant at a price of Can $0.30 per unit. The warrant is exercisable at $0.30 per share for a two year period. The funds will to be used for the acquisition of the Alexander gas prospect (see June 16, 2003 release) and working capital purposes.
The private placement is subject to acceptance by the TSX Venture Exchange.
(Xxxx Xxxxxxxx), President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
