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Published on 2/6/2006 in the Prospect News PIPE Daily.

New Issue: Mystique Energy plans C$2.145 million private placement of shares

By Sheri Kasprzak

New York, Feb. 6 - Mystique Energy Inc. said it intends to raise C$2.145 million in a private placement.

The offering includes up to 3.3 million flow-through shares at C$0.65 each.

Acumen Capital Finance Partners Ltd. is the placement agent.

Proceeds will be used for drilling on the company's farm-in lands in the Harmattan/Lochend/Bottrell/Wildcat Hills areas in northwest Calgary.

The offering is scheduled to close on Feb. 23.

Calgary, Alta.-based Mystique is an oil and natural gas exploration and exploitation company.

Issuer:Mystique Energy Inc.
Issue:Flow-through shares
Amount:C$2.145 million (maximum)
Shares:3.3 million (maximum)
Price:C$0.65
Warrants:No
Placement agent:Acumen Capital Finance Partners Ltd.
Pricing date:Feb. 6
Settlement date:Feb. 23
Stock symbol:TSX Venture: MYS
Stock price:C$0.59 at close Feb. 3

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