By Devika Patel
Knoxville, Tenn., March 17 - La Cortez Energy, Inc. said it has completed a $2.4 million private placement of stock.
The company sold common shares at $1.00 per share.
Proceeds will be used to capitalize on oil and gas exploration, development and production opportunities in South America and for general working capital purposes.
La Cortez is an energy company based in San Diego.
| Issuer: | La Cortez Energy, Inc.
|
| Issue: | Common stock
|
| Amount: | $2.4 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Pricing date: | March 17
|
| Stock symbol: | OTCBB: LCTZ
|
| Stock price: | $0.00 at close March 14
|
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