New Issue: Rancher Energy raises $6.65 million from placement of units

By Sheri Kasprzak

New York, Sept. 29 - Rancher Energy Corp. settled a private placement for $6,647,202.

Between July 31 and Sept. 29, the company issued 13,294,405 units at $0.50 apiece to foreign investors.

The units consist of one share and one warrant. Each whole warrants is exercisable at $0.75 for the first year and at $1.00 for the second year.

Denver-based Rancher is an oil and natural gas exploration and development company.

Issuer:	Rancher Energy Corp.
Issue:	Units of one share and one warrant
Amount:	$6,647,202
Units:	13,294,405
Price:	$0.50
Warrants:	One warrant per unit
Warrant expiration:	Two years
Warrant strike price:	$0.75 for the first year; $1.00 for the second year
Settlement date:	Sept. 29
Stock symbol:	OTCBB: RNCH
Stock price:	$1.80 at close Sept. 29

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