CALGARY, March 17 /CNW/ - Burkhard Franz, Chairman of Mystique Energy Inc. (TSXV - MYS), announces that the non-brokered private placement previously announced on March 15th, 2004 has been oversubscribed and the maximum has been increased from $500,000 to $600,000 and 2,000,000 units ("Units') to 2,400,000 units ("Units"). All other terms remain the same. The private placement will be taken up by directors, close friends and business associates of Mystique. There are no brokerage or commission fees attached to the financing. Based in Calgary, Mystique Energy Inc. is involved in the exploration and exploitation of petroleum reserves in Western Canada. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information. Actual future results may differ materially from those contemplated. The risks, uncertainties, and other factors that could influence actual results are described in documents filed with regulatory authorities. -0- 03/18/2004 /For further information: on Mystique, please contact - Savi Franz, Director, Tel: (403) 261-3634, Fax: (403) 265-3348, savi(at)mystiqueenergy.ca; Mr. Victor Luhowy, Director, Tel: (403) 261-3632 Fax: (403) 265-3348, vic(at)mystiqueenergy.ca/ (MYS.) CO: Mystique Energy, Inc. ST: Alberta IN: OIL SU: PVT -30- -0- Mar/18/2004 14:08 GMT
Mystique Energy Inc.