ELK Petroleum Share Purchase Plan

April 29th, 2009

Elk Petroleum (ELK) announced on the 27/4/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was 22/4/2009 on which shareholders must own the share to participate in the SPP and the closing date is 14/5/2009.   Shares will be issued on 20/5/2009 and start trading soon after this.  A maximum of $10,000 can be purchased by each shareholder at $0.09.  

Discount : 18.2% Liquidity : Poor Profitability : Ok Stability : Poor

www.elkpet.com

* Note: Discount is based on the closing price on the 27 April 2009.


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