New Issue: Epic Energy sells $1.53 million in placement of stock, warrants

By Devika Patel

Knoxville, Tenn., Jan. 7 - Epic Energy Resources, Inc. settled a $1.53 million private placement of stock and warrants on Dec. 31, according to an 8-K filed Monday with the Securities and Exchange Commission.

The company sold 1,023,001 common shares at $1.50 each and warrants for an equal number of shares.

The warrants will be exercisable at $1.50 until Dec. 5, 2012.

As previously reported, Epic sold stock and warrants on identical terms in a Dec. 5 deal for $6.6 million, which included 4,397,000 common shares and 4,397,000 warrants.

Epic is an oil and gas company based in The Woodlands, Texas.

Issuer:	Epic Energy Resources, Inc.
Issue:	Stock with warrants
Amount:	$1,534,502
Shares:	1,023,001
Price:	$1.50
Warrants:	For 1,023,001 shares
Warrant expiration:	Dec. 5, 2012
Warrant strike price:	$1.50
Settlement date:	Dec. 31
Stock symbol:	OTCBB: EPCC
Stock price:	$3.23 at close Dec. 31

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