CALGARY, ALBERTA--(Marketwire - Aug. 7, 2008) - Canadian Quantum Energy Corp. - "CQM.H" on the NEX trading board of the TSX Venture Exchange ("Canadian Quantum" or "the Corporation") (NEX:CQH.H) is pleased to announce that the Corporation will be raising $500,000 by way of a non-brokered private placement at $7.00 per common share. Finders acting in connection with the private placement will receive a finders fee of 7% of the gross proceeds of the funds placed. The securities to be issued pursuant to the private placement will be subject to a four month trading restriction. The private placement is subject to regulatory approval and forms part of the Corporation's reactivation plan to graduate back on to the TSX Venture Exchange. About Canadian Quantum Canadian Quantum is active in the Quebec Lowlands Utica Shale Play holding...
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