| | Globeinvestor.com: Pargas Enterprises Ltd. Increases Size of Private Placement Financing (Site not responding. Last check: 2007-10-26) |
 | | Pargas Enterprises Ltd. (the "Company" or "Pargas") (NEX: "PGA.H") is pleased to announce that, further to its November 25, 2003 press release, in light of apparent investor demand, it has agreed to increase the number of special warrants to be issued under its financing by an additional two million special warrants. |
 | | Pargas will use the proceeds from the offering for the development of the Company's properties in the Gansu Province in the People's Republic of China, working capital and general corporate purposes. |
 | | The Company's actual results, performance or achievement could differ materially from those expressed in or implied by, these forward looking statements and accordingly, no assurance can be given that any of the events anticipated to occur or transpire from the forward looking statements will provide what, if any benefits to the Company. |
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