By Sheri Kasprzak
New York, May 9 - Detector Exploration Ltd. priced a C$1.2 million private placement.
The company intends to sell up to 2 million flow-through shares.
The proceeds will be used for a drilling project in Central Alberta and for working capital and general corporate purposes.
Detector is a Calgary, Alta.-based oil and natural gas explorer.
| Issuer: | Detector Exploration Ltd.
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| Issue: | Flow-through shares
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| Amount: | C$1.2 million
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| Shares: | 2 million
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| Price: | C$0.60
|
| Warrants: | No
|
| Pricing date: | May 9
|
| Stock symbol: | TSX Venture: DEX
|
| Stock price: | C$0.48 at close May 9
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