Idaho Natural Resouces Corp fka BUKR

[$PennyMover]

Bridge Resources Corp. Announces Closing of Previously Announced Bought Deal Financing
18:21 EDT Thursday, July 10, 2008

CALGARY, ALBERTA--(Marketwire - July 10, 2008) -



Bridge Resources Corp. ("Bridge" or the "Corporation") (TSX VENTURE:BUK) is pleased to announce that it has closed its previously announced bought deal financing (the "Offering"). Bridge, through Wellington West Capital Markets Inc. and Blackmont Capital Inc. (the "Underwriters"), issued a total of 28,440,000 units of the Corporation ("Units") at a price of $1.15 per Unit for gross proceeds of $32,706,000. Bridge expects to close on the balance of 2,000,000 Units within the next few days for additional gross proceeds of $2,300,000 (and in any event no later than July 18, 2008). Each Unit issued pursuant to the Offering consists of one common share of Bridge ("Common Share") and one-half of one Common Share purchase warrant ("Warrant"). Each whole Warrant is exercisable for a period of 18 months following the closing of the Offering and entitles the holder thereof to acquire one additional Common Share at a price of $1.35 per Common Share. In the event that Bridge's Common Shares trade at a closing price on the TSX Venture Exchange of greater than $2.00 for a period of 20 consecutive trading days at any time after four months and one day after the closing of the Offering, Bridge may accelerate the expiry date of the Warrants by giving notice to holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by Bridge. The securities issued pursuant to the Offering are subject to a four-month hold period. Following the completion of the full Offering, Bridge will have 131,077,890 Common Shares issued and outstanding.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered will not be and have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

This announcement does not constitute an offer of securities, or form any part of an offer to sell or issue, or any solicitation or any offer to subscribe for or purchase any securities in Bridge in the United Kingdom ("UK"). Any such solicitation or offer would have to be made by way of an admission document in the UK, and any decision to subscribe would be made solely on the basis of the information contained in such a document. This announcement has not been approved by an authorized person pursuant to Section 21 of the Financial Services and Markets Act 2000 ("FSMA") and accordingly, it is being communicated in the UK only to persons to whom this announcement may be communicated without contravening the financial promotion prohibition in Section 21 of FSMA, including those persons who fall within Articles 19(5) and 49(2) of the FSMA 2000 (Financial Promotions) Order 2005.

Statements in this press release may contain forward-looking information including expectations of future operations, commerciality of any gas discovered, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income and oil taxes, regulatory changes, and other components of cash flow and earnings. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to, the risks associated with the oil and gas industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, or reservoir performance, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information.

FOR FURTHER INFORMATION PLEASE CONTACT:

Bridge Resources Corp.
Edward J. Davies
President
[phone]

Email: [e-mail]


or

Bridge Resources Corp.
Dave Antony
Chairman
[phone]

Email: [e-mail]


or

Bridge Resources Corp.
Scott Koyich
Investor Relations
[phone]

Email: [e-mail]
Website: www.bridgeresourcescorp.com



Its a head fake in this market!
It's all about the charts......