By Sheri Kasprzak
New York, June 1 - Eternal Energy Corp. completed the fourth and final tranche of a $6,562,000 private placement for $220,000.
The company most recently sold 440,000 units of one share and one warrant. The warrants are exercisable at $1.00 each for two years.
In all, the company issued 13,124,000 units.
The proceeds will be used for exploration in the North Sea and for general corporate purposes.
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: | $220,000
|
| Units: | 440,000
|
| Price: | $0.50
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $1.00
|
| Settlement date: | June 1
|
| Stock symbol: | OTCBB: EERG
|
| Stock price: | $1.28 at close June 1
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
