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JBO Jumbo Petroleum (Tier2)

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Share Name Share Symbol Market Type
Jumbo Petroleum (Tier2) TSXV:JBO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Jumbo Announces Closing of Non-Brokered Private Placement

12/02/2008 2:42pm

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Jumbo Petroleum (Tier2) (TSXV:JBO)
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TORONTO, ONTARIO (TSX VENTURE: JBO) is pleased to announce that it has closed a non-brokered private placement (the "Private Placement") of 2,000,000 common shares, priced at $0.05 per common share, for gross proceeds of $100,000.

The proceeds from the Private Placement will be used for general working capital purposes.

The common shares issued pursuant to the Private Placement are subject to a four-month hold period expiring on June 9, 2008. No finder's fee, commission or other compensation will be paid in connection with the Private Placement.

For further information on Jumbo please visit the website at www.jumbodevelopment.com.

Shares Outstanding: 57,365,992

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Jumbo Petroleum Corporation Glenn Laing CEO, President and Chief Operating Officer (416) 368-2114 Jumbo Petroleum Corporation Fred Christensen Chairman (416) 368-3259 Website: www.jumbodevelopment.com

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1 Year Jumbo Petroleum (Tier2) Chart

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1 Month Jumbo Petroleum (Tier2) Chart

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