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sliverbullet

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sliverbullet

Re: None

Wednesday, 09/10/2008 9:42:31 AM

Wednesday, September 10, 2008 9:42:31 AM

Post# of 285925
Pyramid Withdraws Previously Announced Convertible Debenture Offering
Wednesday September 10, 9:23 am ET

CALGARY, ALBERTA--(MARKET WIRE)--Sep 10, 2008 -- Pyramid Petroleum, Inc. (CDNX:PYR.V - News) ("Pyramid" or the "Company") today announced that it has elected to withdraw its previously announced convertible debenture offering. The offering was first announced on June 26th, 2008.

Pyramid's decision to withdraw the offering at this time is primarily attributable to adverse financial market conditions. The Company determined that it has the ability to continue to fund its current capital program through internally generated cash flow.

http://biz.yahoo.com/iw/080910/0432447.html

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