By Sheri Kasprzak
New York, Nov. 30 - Expedition Energy Inc. said it plans to raise C$3.51 million in a private placement.
The deal includes up to 1.8 million units at C$1.95 each.
The units are composed of two flow-through shares and one non flow-through share.
The offering is expected to close on Dec. 15.
Proceeds will be used for exploration and development on the company's properties in Alberta and Saskatchewan.
Based in Calgary, Alta., Expedition is an oil and natural gas exploration and development company.
| Issuer: | Expedition Energy Inc.
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| Issue: | Units of two flow-through shares and one non flow-through share
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| Amount: | C$3.51 million
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| Units: | 1.8 million
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| Price: | C$1.95
|
| Warrants: | No
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| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 15
|
| Stock price: | C$0.57 at close Nov. 30
|
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