Non-brokered sale of flow-through stock funds 2012 capital programs
By Devika Patel
Knoxville, Tenn., Dec. 23 - Northern Spirit Resources Inc. said it will conduct a C$1 million non-brokered private placement of stock.
The company will sell 10 million flow-through common shares at C$0.10 apiece, which is identical to the Dec. 22 closing share price.
Proceeds will be used for Canadian development expenses and the company's capital programs until Dec. 31, 2012.
Northern Spirit is a Calgary, Alta., oil and gas exploration and production company.
| Issuer: | Northern Spirit Resources Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1 million
|
| Shares: | 10 million
|
| Price: | C$0.10
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 23
|
| Stock symbol: | TSX Venture: NS
|
| Stock price: | C$0.10 at close Dec. 23
|
| Market capitalization: | C$1.6 million
|
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