By Sheri Kasprzak
New York, Nov. 21 - EMM Energy Inc. said it plans to raise C$1 million from a private placement.
The offering includes up to 400,000 flow-through shares at C$2.50 each.
Proceeds will be used for drilling and development programs.
Based in Calgary, Alta., EMM is an oil and natural gas exploration company.
| Issuer: | EMM Energy Inc.
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| Issue: | Flow-through shares
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| Amount: | C$1 million (maximum)
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| Shares: | 400,000 (maximum)
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| Price: | C$2.50
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| Warrants: | No
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| Pricing date: | Nov. 18
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| Stock price: | C$2.00 at close Nov. 18
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