Todd J. Morgan acquires 100,000 common shares of Armistice Resources Corp.

2006-08-17

TSXV - TSX Venture Exchange · Natural Gas · Natural Gas Liquids · Oil · Canada

TORONTO, Aug. 17 /CNW/ - Todd J. Morgan, president of Armistice Resources Corp. (TSX: AZ) ("Armistice"), announces that on August 14, 2006, in consideration for $50,000 of Armistice debt, Mr. Morgan received 100,000 common shares of Armistice in conjunction with a private placement of common shares and flow-through common shares. The private placement raised gross proceeds of $6,862,248.95 through the sale of 5,720,000 common shares and 6,157,306 flow-through common shares. The price of each common share was $0.50 and the price of each flow-through common share was $0.65. As a result of this transaction, Mr. Morgan beneficially owns and controls 12.45% of the issued and outstanding Armistice common shares (after giving effect to the exercise of the warrants). The common shares were acquired for investment purposes. An Early Warning Report respecting Mr Morgan's transaction has been filed on SEDAR and can be reviewed at www.sedar.com under the profile for Armistice Resources Corp.