Deal sells 129,851,356 common shares at $0.01 apiece to Terex Energy
By Devika Patel
Knoxville, Tenn., Aug. 21 – Rancher Energy Corp. settled a $1.3 million private placement of stock with Terex Energy Corp. on Aug. 19, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 129,851,356 restricted common shares at $0.01 per share. The price per share is identical to the Aug. 20 closing share price.
Based in Denver, Rancher evaluates older oil and gas fields to determine potential secondary and tertiary recovery.
| Issuer: | Rancher Energy Corp.
|
| Issue: | Restricted common shares
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| Amount: | $1.3 million
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| Shares: | 129,851,356
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| Price: | $0.01
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| Warrants: | No
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| Investor: | Terex Energy Corp.
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| Announcement date: | Aug. 21
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| Settlement date: | Aug. 19
|
| Stock symbol: | OTCBB: RNCH
|
| Stock price: | $0.01 at close Aug. 20
|
| Market capitalization: | $1.53 million
|
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