By Sheri Kasprzak
Atlanta, June 24 - Vast Exploration Inc. said it has arranged a private placement for C$2 million.
The company plans to sell 2 million common shares at C$0.50 each and 1,666,667 flow-through shares at C$0.60 each.
Emerging Equities Inc. is the placement agent in the offering, which is expected to close July 10.
Based in Calgary, Alta., Vast is an oil and natural gas exploration company. The proceeds will be used for exploration and development and for general corporate purposes.
| Issuer: | Vast Exploration Inc.
|
| Issue: | Common and flow-through shares
|
| Amount: | C$2 million
|
| Placement agent: | Emerging Equities Inc.
|
| Pricing date: | June 24
|
| Settlement date: | July 10
|
| Stock price: | C$0.46 at close June 24
|
|
|
| Flow-through shares
|
| Issue: | Flow-through common shares
|
| Shares: | 1,666,667
|
| Price: | C$0.60
|
| Warrants: | No
|
|
|
| Common shares
|
| Issue: | Non flow-through shares
|
| Shares: | 2 million
|
| Price: | C$0.50
|
| Warrants: | No
|
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