OGrady Monday, 03/19/07 01:12:59 PM Re: None Post # of 19 Raptor Capital Corporation announces closing of non brokered private placement CALGARY, March 19 /CNW/ - Raptor Capital Corporation (RCP: TSX Venture Exchange) Raptor Capital Corporation ("Raptor") announces that at the close of business on March 16, 2007 it closed its previously announced non-brokered private placement (the "Offering") of units at a price of $0.05 per Unit for gross proceeds of up to $500,000. Each Unit consists of one common share ("Common Share") and one half of one share purchase warrant ("Warrant"). Each whole Warrant shall entitle the holders thereof to purchase an additional Common Share for a period of two years from the closing date at a price of $0.10 per Common Share. The Units and underlying securities will be subject to a four month hold period. Raptor received subscriptions for an aggregate subscription amount of $225,000. Insiders subscribed for an aggregate of $175,000. Raptor has determined that an exemption from the valuation and minority approval requirements of the Ontario Securities Commission Rule 61-501 is available as the units offered pursuant to the private placement and the consideration received by Raptor from the insiders and related parties does not exceed $2,500,000, and because the fair market value of the consideration received from insiders does not exceed 25% of Raptor's market capitalization. The proceeds of the private placement are intended to be used by Raptor for the payment of the costs of drilling and testing the wells that were drilled in 2006 and for general corporate purposes. Parties interested in obtaining further information or receiving news releases and corporate documents from Raptor may e-mail such request to Bill@raptap.com or review the Company's documentation filed on SEDAR at www.sedar.com.