By Sheri Kasprzak
New York, June 2 - Fair Sky Resources Inc. negotiated a C$6 million private placement.
The non-brokered deal includes up to 1.6 million flow-through shares at C$3.75 each.
The proceeds from the offering will be used for exploration on the company's properties in Saskatchewan and Alberta.
Based in Calgary, Alta., Fair Sky is an oil and natural gas exploration company.
| Issuer: | Fair Sky Resources Inc.
|
| Issue: | Flow-through shares
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| Amount: | C$6 million
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| Shares: | 1.6 million
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| Price: | C$3.75
|
| Warrants: | No
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| Placement agent: | Non-brokered
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| Pricing date: | June 2
|
| Stock symbol: | TSX Venture: FSK
|
| Stock price: | C$2.90 at close June 2
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