By Sheri Kasprzak
Atlanta, Nov. 17 - Choice Resources Corp. said Wednesday it has raised up to C$1.47 million in a private placement.
The company issued up to 2.1 million flow-through common shares at C$0.70 per share.
Quest Securities Corp. will act as placement agent in the offering.
Choice is a Calgary, Alta.-based oil and natural gas exploration company. It plans to use the proceeds from the financing for exploration expenditures.
| Issuer: | Choice Resources Corp.
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| Issue: | Stock
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| Amount: | C$1.47 million
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| Shares: | 2.1 million flow-through common shares
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| Price: | C$0.70
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| Warrants: | No
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| Placement agent: | Quest Securities Corp.
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| Announcement date: | Nov. 17
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| Pricing date: | Nov. 16
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| Stock price: | C$0.56 at close Nov. 16
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