New Issue: Cumberland Oil & Gas publicizes C$1 million private placement of stock

By Devika Patel

Knoxville, Tenn., June 29 - Cumberland Oil & Gas Ltd. said it plans a C$1 million non-brokered private placement of stock.

The company will sell 3,637,000 flow-through common shares at C$0.275 apiece.

Proceeds will be used for drilling.

The oil and natural gas explorer is based in Calgary, Alta.

Issuer:	Cumberland Oil & Gas Ltd.
Issue:	Flow-through common shares
Amount:	C$1,000,175
Shares:	3,637,000
Price:	C$0.275
Warrants:	No
Agent:	Non-brokered
Pricing date:	June 29
Stock symbol:	TSX Venture: COG
Stock price:	C$0.23 at close June 29

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