By Devika Patel
Knoxville, Tenn., May 17 - Argosy Energy Inc. said it completed a C$1 million non-brokered private placement of stock.
The company sold 500,000 flow-through common shares at C$2.00 each.
Proceeds will be used for exploration and general working capital.
Argosy is a junior oil and gas company in Calgary, Alta.
| Issuer: | Argosy Energy Inc.
|
| Issue: | Flow-through common stock
|
| Amount: | C$1 million
|
| Shares: | 500,000
|
| Price: | C$2.00
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | May 17
|
| Stock symbol: | Toronto: GSY
|
| Stock price: | C$0.70 at close May 14
|
| Market capitalization: | C$10.1 million
|
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