New Issue: Result Energy wraps C$4.6 million private placement of shares

By Sheri Kasprzak

New York, Sept. 15 - Result Energy Inc. said it has completed a private placement for C$4,609,800.

The company sold 2,473,066 non flow-through shares at C$0.75 each for C$1,854,800 and 2,755,000 flow-through shares at C$1.00 each for C$2,755,000.

Directors and officers of the company subscribed for 13% of the non-brokered offering.

The proceeds will be used for exploration and development as well as for working capital. The proceeds from the flow-through shares will be used for Canadian exploration expenses, in particular.

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

Non flow-through shares

Issuer:	Result Energy Inc.
Issue:	Non flow-through shares
Amount:	C$1,854,800
Shares:	2,473,066
Price:	C$0.75
Warrants:	No
Settlement date:	Sept. 15
Stock price:	C$1.02 at close Sept. 15
Flow-through shares
Issuer:	Result Energy Inc.
Issue:	Flow-through shares
Amount:	C$2,755,000
Shares:	2,755,000
Price:	C$1.00
Warrants:	No
Settlement date:	Sept. 15
Stock price:	C$1.02 at close Sept. 15

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.