New Issue: Mogul Energy raises $2.21 million in private placements of stock

By Devika Patel

Knoxville, Tenn., June 16 - Mogul Energy International, Inc. sold $2.21 million of its shares in a private placement on June 13, according to an 8-K filed Monday with the Securities and Exchange Commission. The deal priced for $1.9 million in an 8-K filed on April 30.

The company sold 6.3 million common shares at $0.20 per share for $1.26 million. It also sold 3.8 million flow-through common shares at $0.25 apiece for $950,000.

Based in Seattle, Mogul Energy is an international oil and gas exploration company.

Issuer:	Mogul Energy International, Inc.
Issue:	Common stock, flow-through common stock
Amount:	$2.21 million
Warrants:	No
Pricing date:	April 30
Settlement date:	June 13
Stock symbol:	OTCBB: MGUY
Stock price:	$0.24 at close April 30
Common shares
Amount:	$1.26 million
Shares:	6.3 million
Price:	$0.20
Flow-through shares
Amount:	$950,000
Shares:	3.8 million
Price:	$0.25

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.