By Sheri Kasprzak
New York, Sept. 21 - Transco Resources Corp. said it plans to raise up to C$8 million in a private placement.
The offering includes up to 8 million shares at C$1.00 each.
Research Capital Corp. is the placement agent.
Based in Calgary, Alta., Transco is an oil and natural gas exploration company.
| Issuer: | Transco Resources Corp.
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| Issue: | Stock
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| Amount: | C$8 million (maximum)
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| Shares: | 8 million (maximum)
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| Price: | C$1.00
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| Warrants: | No
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| Placement agent: | Research Capital Corp.
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| Pricing date: | Sept. 21
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| Stock price: | C$1.25 at close Sept. 21
|
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