Feb 05, 2008 (M2 PRESSWIRE via COMTEX) -- ENGFF | news | PowerRating | PR Charts -- International Stock Targets is a world renowned independent research firm, based in Johannesburg, South Africa. Along with walking investors through the whole life-cycle of many different equities, we have also partnered with the top independent research firms worldwide to provide our members with the best knowledge to make money. Click the link below to see a sample of a recent "Buy Recommendation" that was issued on a small-cap equity that we believe is positioned to out-perform their competitors. We highly recommend that all interested small-cap investors sign up to www.internationalstocktargets.com for a free 3 month subscription and contact one of our representatives toll free 1 866 657 3334 to get access to our "small-cap" stock pick of the year. On Friday, February 1st, 2008, EnerGulf Resources Inc. (TSX-V: ENG | news | PowerRating | PR Charts ) had a news release that triggered our research mechanism sensors at International Stock Targets. We therefore have also added EnerGulf Resources to our Canadian Juniors Watch List, their recent market activity has made them a possible candidate for a full analytical research report, to see a sample of our newest report view this link.

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EnerGulf Resources closed up 6.27 percent on Monday with a volume over 500,000.

On Friday, February 1st, 2008, EnerGulf Resources Inc., announced that it has now closed its private placement consisting of a total of 8,000,000 units of the Company at the price of $1.10 per unit to raise proceeds of $8,800,000. Each unit consists of one common share and one common share purchase warrant with each warrant entitling the holder to purchase one additional common share of the Company at a price of $1.35 per share until January 30, 2009.

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Don't really need the rest. Doesn't add much to the board but it's been slow as of late as we wait for ENG to release their results (as mentioned in earlier posts they are expected to  commence drilling no later than mid february (which is fast approaching)