New Issue: Exall concludes C$2.5 million private placement of shares

By Devika Patel

Knoxville, Tenn., Dec. 22 - Exall Energy Corp. said it settled a C$2.5 million non-brokered private placement of flow-through common shares.

The company sold 7,153,500 flow-through common shares at C$0.35 apiece.

Proceeds will be used for exploration.

Based in Calgary, Alta., Exall is a junior oil and gas company.

Issuer:	Exall Energy Corp.
Issue:	Flow-through common shares
Amount:	C$2,503,725
Shares:	7,153,500
Price:	C$0.35
Warrants:	No
Agent:	Non-brokered
Settlement date:	Dec. 22
Stock symbol:	Toronto: EE
Stock price:	C$0.23 at close Dec. 19

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