Article: Black Bull Resources Inc. Announces $6.5 Million Private Placement With PowerOne Capital Markets Limited.

SHELBURNE, NOVA SCOTIA, May 10, 2007 (CCNMatthews via COMTEX) -- Black Bull Resources Inc. (TSX VENTURE:BBS) is pleased to announce that it has entered into an agreement ("Agreement") with PowerOne Capital Markets Limited ("PowerOne"). PowerOne has agreed to offer on a best-efforts private placement basis up to 43,333,333 common shares ("Offered Shares") at a price of $0.15 per share ("Offering") resulting in gross proceeds of up to $6.5 million to Black Bull. The Offered Shares will be subject to a hold period of 4 months from the Closing.

The net proceeds of the Offering will be used to continue capital expansion at the White Rock Property and for general corporate ...

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