By Sheri Kasprzak
New York, June 26 - Expedition Energy Inc. intends to raise up to C$2 million in a private placement.
The offering includes up to 3,076,924 flow-through shares at C$0.65 each.
The deal is slated to close July 6.
Proceeds will be used for exploration on the company's Canadian properties.
Based in Calgary, Alta., Expedition is an oil and natural gas exploration, development and production company.
| Issuer: | Expedition Energy Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$2 million
|
| Shares: | 3,076,924
|
| Price: | C$0.65
|
| Warrants: | No
|
| Pricing date: | June 26
|
| Settlement date: | July 6
|
| Stock symbol: | TSX Venture: XPD
|
| Stock price: | C$0.53 at close June 26
|
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