GX Guardian Exploration Inc

Guardian Exploration Inc. ("Guardian" or the "Corporation") (TSX VENTURE:GX)
announces that, subject to final TSX Venture Exchange approval, it has closed a
non-brokered private placement ("Private Placement") raising $1,210,000 by
issuing 5,500,000 Units at $0.22 per Unit. Each Unit consisted of one common
share and one share purchase warrant. Each share purchase warrant is exercisable
into one common share at a price of $0.30 for two years from the date of
closing.


In connection with its efforts on behalf of the Corporation pursuant to the
Private Placement, Blackmont Capital Inc. will receive a cash commission and
Agent's Warrants. Each Agent's Warrant is exercisable for a period of two years
from the date of closing into a Common Share at a price of $0.22.


The Units issued pursuant to the private placement are subject to a four month
hold period. The proceeds of the Private Placement will be used for exploration
expenditures and for working capital purposes.


In connection with the private placement, Graydon Kowal, Director and President
& CEO purchased the 5,500,000 Units and concurrently sold through the facilities
of the TSX Venture Exchange 5,500,000 Common Shares to clients of Blackmont
Capital Inc. from his personal holdings.


Guardian is also pleased to announce Mr. Dennis Jonk's appointment as a Director
of the Corporation. Mr. Jonk currently provides consulting services to various
clients as a pipeline and facility engineering project manager. Mr. Jonk has
extensive experience in scoping, design and execution of oilfield pipeline and
facility projects. His focus has primarily been in the sour gas transportation,
compression and dehydration. In conjunction with his appointment, the
Corporation has granted Mr. Jonk 200,000 stock options. The options will be
exercisable into common shares of Guardian upon payment of $0.22 per share on or
before January 18, 2013.


Guardian is a Calgary-based corporation engaged in the acquisition, exploration
and development of resource properties. Common shares of the company trade on
the TSX Venture Exchange under the trading symbol "GX".

Guardian Exploration (TSXV:GX)
Historical Stock Chart
From Jun 2024 to Jul 2024

Guardian Exploration (TSXV:GX)
Historical Stock Chart
From Jul 2023 to Jul 2024