By Sheri Kasprzak
New York, Sept. 6 - Raven Energy Ltd. arranged a private placement for up to C$3.3 million.
The company plans to sell up to 1.5 million flow-through shares at C$2.20 each.
Proceeds from the offering will be used for working capital.
Based in Calgary, Alta., Raven is an oil and natural gas exploration company.
| Issuer: | Raven Energy Ltd.
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| Issue: | Flow-through shares
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| Amount: | C$3.3 million
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| Shares: | 1.5 million
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| Price: | C$2.20
|
| Warrants: | No
|
| Pricing date: | Sept. 6
|
| Stock price: | C$2.00 at close Sept. 6
|
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