By Sheri Kasprzak
New York, April 19 - Energy Exploration Technologies Inc. has settled a private placement for $1,685,000.
The company issued 1,685,000 units of one share and one warrant.
Each warrant is exercisable at $2.00 for two years.
The proceeds will be used for marketing the company's survey services and implementing surveys. The rest will be used for general corporate purposes.
Based in Calgary, Alta., Energy Exploration provides airborne exploration services to the oil and natural gas sector.
| Issuer: | Energy Exploration Technologies Inc.
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| Issue: | Units of one share and one warrant
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| Amount: | $1,685,000
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| Units: | 1,685,000
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| Price: | $1.00
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | $2.00
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| Settlement date: | April 19
|
| Stock symbol: | OTCBB: ENXTF
|
| Stock price: | $1.36 at close April 19
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