By Sheri Kasprzak
New York, Feb. 21 - EMM Energy Inc. said it has completed its previously announced C$1 million private placement for C$1,414,167.
The company issued 565,667 flow-through shares at C$2.50 each to 42 investors.
The deal priced Nov. 18 as a C$1 million offering of 400,000 shares.
Proceeds will be used for ongoing drilling and development programs.
Based in Calgary, Alta., EMM is an oil and natural gas exploration company.
| Issuer: | EMM Energy Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$1,414,167
|
| Shares: | 565,667
|
| Price: | C$2.50
|
| Warrants: | No
|
| Pricing date: | Nov. 18
|
| Settlement date: | Feb. 21
|
| Stock symbol: | TSX Venture: M
|
| Stock price: | C$2.00 at close Nov. 18
|
| Stock price: | C$2.05 at close Feb. 21
|
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