Published on 2/28/2008 in the Prospect News PIPE Daily.
New Issue: Index Oil and Gas wraps $2.77 million private placement of units
By Devika Patel
Knoxville, Tenn., Feb. 28 - Index Oil and Gas, Inc. said it completed a $2.77 million private placement of units.
The company sold 5.54 million units at $0.50 apiece. Each unit consisted of one common share and a half-share warrant. The warrants are exercisable at $0.50 after Feb. 28, 2010.
Houston-based Index is an oil and gas exploration and production company.
| Issuer: | Index Oil and Gas, Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $2.77 million
|
| Units: | 5.54 million
|
| Price: | $0.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant strike price: | $0.50
|
| Pricing date: | Feb. 28
|
| Stock symbol: | OTCBB: IXOG
|
| Stock price: | $0.595 at close Feb. 27
|
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