By Laura Lutz
Des Moines, March 5 - Exterra Energy Inc. completed a private placement of stock for $1.1 million.
The shares were priced at $0.75 apiece.
Proceeds will be used to expand and advance Exterra's projects and for general corporate purposes.
Exterra is a Houston-based emerging oil and gas exploration and production company.
Issuer: | Exterra Energy Inc.
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Issue: | Stock
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Amount: | $1.1 million
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Price: | $0.75
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Warrants: | No
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Settlement date: | March 5
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Stock symbol: | OTCBB: EENR
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Stock price: | $1.35 at close March 4
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