By Laura Lutz
Des Moines, Aug. 17 - McLaren Resources Inc. raised C$2,212,500 from the third tranche of a C$5 million non-brokered private placement of shares.
In total, the company expects to sell 10 million common shares at C$0.50 each.
This tranche included 4.425 million shares.
The placement priced on Dec. 7, 2006. The first two tranches were not announced.
Proceeds will be used for operating expenses and exploration.
McLaren is a Toronto-based oil exploration company.
| Issuer: | McLaren Resources Inc.
|
| Issue: | Shares
|
| Amount: | C$5 million
|
| Shares: | 10 million
|
| Price: | C$0.50
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 7, 2006
|
| Settlement date: | Aug. 17 (for C$2,212,500)
|
| Stock symbol: | OTC Toronto: MCLN
|
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