Westbow Energy Extends Closing of Debenture Financing

Westbow Energy Inc. reported that it is extending the closing date of its non brokered financing via Offering Memorandum of up to 4,000 10.5% Redeemable Retractable Subordinated Debentures at a price of $1,000 per Debenture, for maximum gross proceeds of $4,000,000, from January 31, 2008 to February 29, 2008.

To date, three interim closings of the debenture offering have resulted in the sale of 2,054 debentures for gross proceeds to the Company of $2,054,000 and net proceeds after agents fees, of $1,889,680.

Proceeds of the offering will be used to reduce the Company's long term debt and bank debt and for general corporate purposes.


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