By Sheri Kasprzak
New York, Oct. 11 - Index Oil and Gas Inc. announced the full terms of its previously announced $3,867,700 private placement. The final closing brings to $10,965,598 the proceeds raised from the offering in full.
Most recently, the company sold 773.54 units at $5,000 each.
The units include 5,000 common shares each.
International Capital Partners SA was the placement agent.
The first closing occurred on Aug. 29 when the company sold 1,419.58 units.
Proceeds will be used for working capital and general corporate purposes, including the expansion of the company's activities in the United States.
Houston-based Index is an oil and natural gas exploration and production company.
| Issuer: | Index Oil and Gas Inc.
|
| Issue: | Units of 5,000 shares
|
| Amount: | $3,867,700
|
| Units: | 773.54
|
| Price: | $5,000
|
| Warrants: | No
|
| Placement agent: | International Capital Partners SA
|
| Settlement date: | Oct. 5
|
| Stock symbol: | OTCBB: IXOG
|
| Stock price: | $1.43 at close Oct. 5
|
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