New Issue: Result completes C$2.57 million private placement of shares

By Devika Patel

Knoxville, Tenn., Jan. 5 - Result Energy Inc. said it settled a C$2.57 million private placement of stock on Dec. 31.

The company sold 12,869,345 flow-through common shares at C$0.20 per share.

Based in Calgary, Alta., Result is an oil and natural gas exploration company.

Issuer:	Result Energy Inc.
Issue:	Flow-through common shares
Amount:	C$2,573,869
Shares:	12,869,345
Price:	C$0.20
Warrants:	No
Settlement date:	Dec. 31
Stock symbol:	TSX Venture: RTE
Stock price:	C$0.15 at close Dec. 31

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