By Devika Patel
Knoxville, Tenn., Oct. 4 - Result Energy Inc. said it has completed a non-brokered C$4.45 million private placement of flow-through common shares.
The company sold 7,250,000 shares at C$0.60 apiece. All of the shares will have a four-month hold period.
Result paid C$133,380 in finder's fees.
Proceeds will be used for exploration and general corporate purposes.
Based in Calgary, Alta., Result is an oil and natural gas exploration company.
| Issuer: | Result Energy Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$4,446,000
|
| Shares: | 7,410,000
|
| Price: | C$0.60
|
| Warrants: | No
|
| Fees: | C$133,380
|
| Agent: | Non-brokered
|
| Settlement date: | Oct. 4
|
| Stock symbol: | TSX Venture: RTE
|
| Stock price: | C$0.47 at close Oct. 4
|
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