By Sheri Kasprzak
New York, March 8 - Eternal Energy Corp. said it settled a $1,605,000 private placement.
The company issued 3.21 million units at $0.50 each
The units include one share and one warrant. Each warrant is exercisable at $1.00 for two years.
Based in Littleton, Colo., Eternal is an oil and natural gas exploration company.
| Issuer: | Eternal Energy Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $1,605,000
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| Units: | 3.21 million
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| Price: | $0.50
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $1.00
|
| Settlement date: | March 2
|
| Stock symbol: | OTCBB: EERG
|
| Stock price: | $1.22 at close March 2
|
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