Next Millennium Acquires Petroleum and Natural Gas Rights in Utah and Colorado
12 Juni 2008 - 2:30PM
Marketwired
TORONTO, ONTARIO (TSX VENTURE: NM) is pleased to announce that
it has entered into an agreement with Eternal Energy Corp. to
acquire a 50% working interest in and to 5,950 net acres of
petroleum and natural gas leases in eastern Utah and western
Colorado together with all well data, log analyses and other
information respecting the play. The purchase price is US
$1,190,160 payable on closing. The company has also agreed to grant
to the sellers an overriding royalty on production from the
properties at a rate which is variable based on other pre-existing
royalty on the properties and which will result in Next Millennium
having an 80% interest in its 50% working interest in the
properties.
This acquisition is subject to TSX-V approval.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Next Millennium Commercial Corp. Michael Curtis
President and Chief Executive Officer (514) 739-1915 (905) 248-5353
(FAX) Email: mcurtis@cardwellcap.com
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