Published on 12/20/2012 in the Prospect News PIPE Daily.
Eagle Ford Oil & Gas concludes $431,650 private placement of shares
Company offers 1,692,748 common shares at $0.255 per share in offering
By Devika Patel
Knoxville, Tenn., Dec. 20 - Eagle Ford Oil & Gas Corp. settled a $431,650 private placement of stock on Dec. 17, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 1,692,748 restricted common shares at $0.255 per share. The price per share is a 70% discount to the Dec. 14 closing share price of $0.85.
The oil and gas company is based in Houston.
Issuer: | Eagle Ford Oil & Gas Corp.
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Issue: | Restricted common stock
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Amount: | $431,650
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Shares: | 1,692,748
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Price: | $0.255
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Warrants: | No
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Settlement date: | Dec. 17
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Stock symbol: | OTCBB: ECCE
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Stock price: | $0.85 at close Dec. 14
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Market capitalization: | $16.63 million
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