New Issue: Cubic Energy closes $3.94 million stock sale

By Sheri Kasprzak

New York, Dec. 21 - Cubic Energy, Inc. settled a private placement for $3.94 million.

The company sold 7.88 million shares at $0.50 each to William Bruggeman, Bob Clements and other investors.

The investors received warrants for 3.94 million shares, exercisable at $0.70 each through Nov. 30, 2011.

Dallas-based Cubic is an oil and natural gas exploration, production and development company with operations mainly in Texas and Louisiana.

Issuer:	Cubic Energy, Inc.
Issue:	Stock
Amount:	$3.94 million
Shares:	7.88 million
Price:	$0.50
Warrants:	For 3.94 million shares
Warrant expiration:	Nov. 30, 2011
Warrant strike price:	$0.70
Investors:	William Bruggeman, Bob Clements, others
Settlement date:	Dec. 15
Stock symbol:	OTCBB: QBIK
Stock price:	$0.80 at close Dec. 15

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.