New Issue: Insignia wraps C$9.79 million private placement of shares

By Devika Patel

Knoxville, Tenn., Sept. 10 - Insignia Energy Ltd. said it took in C$9.79 million in a private placement of stock.

The company sold 1,440,187 common shares at C$6.80 per share to Tricap Partners Ltd.

Proceeds will be used for general working capital purposes.

Calgary, Alta.-based Insignia is an oil and natural gas company.

Issuer:	Insignia Energy Ltd.
Issue:	Common shares
Amount:	C$9,793,271.60
Shares:	1,440,187
Price:	C$6.80
Warrants:	No
Investors:	Tricap Partners Ltd.
Settlement date:	Sept. 10
Stock symbol:	TSX Venture: ISN
Stock price:	C$4.65 at close Sept.10

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