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CALGARY, ALBERTA--(Marketwire - July 18, 2012) - Treherne Resources Ltd. ("Treherne"), a private company controlled by Clayton H. Riddell, reports that on July 18, 2012, it acquired ownership and control of 20,000,000 common shares of Contact Exploration Inc. ("Contact"), issued on a "flow-through" basis, representing approximately 10.28% of Contact's outstanding common shares, through a non-brokered private placement (the "Offering"). As of the date hereof, Treherne owns or controls a total of 29,000,000 common shares of Contact representing approximately 13.52% of Contact's outstanding common shares after giving effect to the Offering. |
