Canadian Superior Closes Equity Financing

Canadian Superior, on Friday November 16, 2007, successfully closed an over subscribed equity financing, by way of private placement, of 6,472,500 flow-through common shares priced at $3.50 per share for total gross proceeds of $22,653,750 through an investment dealer group comprised of Acumen Capital Finance Partners Limited and Jennings Capital Inc. of Calgary, Alberta and Maison Placements Canada Inc. of Toronto, Ontario, Canada. The proceeds of this offering are being used to ramp up the Company's Western Canadian operations.
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