Private Placement
Archer Petroleum announces Private Placement
Vancouver, British Columbia, CANADA (May 6, 2011) –
Archer Petroleum Corp (TSX.V: ARK, DB Frankfurt: A6VA), (the “Company”), wishes to announce a
private placement of up to
3,350,000 units at a price of
.06 per unit, each unit consisting of one share
of the Company and one warrant to buy one additional share of the Company for
.12 for a period of
two years from the closing of the placement. Proceeds of the private placement will be used for general
working capital. The private placement is subject to regulatory approval.
About Archer Petroleum:
Archer Petroleum Corp. is an independent oil and gas company focused on exploration and
development in North America. Archer holds properties in Matagorda Bay Texas and Alberta. The
Company’s shares are listed on the TSX Venture Exchange under the symbol “ARK” and the DB Frankfurt
exchange under “A6VA”. Further information on Archer can be found on the company's website at
www.archerpetroleum.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
ON BEHALF OF ARCHER PETROLEUM CORP.
“Colin Bowkett”
President