By Sheri Kasprzak
New York, Sept. 7 - Expedition Energy Inc. said it has arranged a private placement for C$5 million.
The company plans to sell 9,090,909 shares at C$0.55 each.
Emerging Equities Inc. is the placement agent.
The offering is expected to close Sept. 28.
The proceeds from the deal will be used for exploration and development in Alberta and Saskatchewan.
Based in Calgary, Alta., Expedition is an oil and natural gas exploration company.
| Issuer: | Expedition Energy Inc.
|
| Issue: | Stock
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| Amount: | C$5 million
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| Shares: | 9,090,909
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| Price: | C$0.55
|
| Warrants: | No
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| Placement agent: | Emerging Equities Inc.
|
| Pricing date: | Sept. 7
|
| Settlement date: | Sept. 28
|
| Stock price: | C$0.59 at close Sept. 6
|
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