By Sheri Kasprzak
Atlanta, June 2 - Reece Energy Exploration Corp. said it plans to head to the private placement market with an offering for up to C$4.25 million.
The company plans to sell up to 1 million units at C$4.25 each.
The units are comprised of one non flow-through share at C$2.00 each and one flow-through share at C$2.25 each.
The offering is expected to close in mid-July.
Based in Medicine Hat, Alta., Reece is an oil and natural gas exploration company.
| Issuer: | Reece Energy Exploration Corp.
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| Issue: | Units of one common share and one flow-through share
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| Amount: | C$4.25 million (maximum)
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| Units: | 1 million (maximum)
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| Price: | C$4.25 (C$2.00 for non flow-through shares, C$2.25 for flow-through shares)
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| Warrants: | No
|
| Pricing date: | June 2
|
| Stock price: | C$2.00 at close June 1
|
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