Result Energy Closes $2.3MM Private Placement

Result Energy Inc. announced that on August 8, 2008, it completed an expedited non-brokered private placement of common shares related to the land acquisition in the Horn River Basin, which was previously announced on July 14, 2008.

The securities issued will be subject to a four-month hold period from the date of closing. Following completion of this placement, Result has 63,487,660 common shares outstanding.