New Issue: Leroy Ventures settles C$6.43 million private placement of stock

By Sheri Kasprzak

New York, May 10 - Leroy Ventures Inc. has concluded a private placement for C$6,431,500.

The non-brokered deal included 3,225,238 non flow-through shares and 2.9 million flow-through shares, both sold at C$1.05 apiece.

The investors also received warrants for 4,220,238 shares, exercisable at C$1.65 each for one year.

Based in Vancouver, B.C., Leroy is an oil and natural gas exploration company.

Issuer:	Leroy Ventures Inc.
Issue:	Flow-through and non flow-through shares
Amount:	C$6,431,500
Flow-through shares:	2.9 million
Non flow-through shares:	3,225,238
Price:	C$1.05
Warrants:	For 4,220,238 shares
Warrant expiration:	One year
Warrant strike price:	C$1.65
Placement agent:	Non-brokered
Settlement date:	May 9
Stock symbol:	TSX Venture: LRV
Stock price:	C$1.77 at close May 9

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