By Laura Lutz
Washington, Feb. 6 - Athlone Energy Ltd. negotiated a private placement of flow-through shares for C$1.925 million.
The company sold 3.5 million flow-through shares at C$0.55 each.
Proceeds of the non-brokered placement will be used for ongoing drilling and seismic programs.
Athlone is an oil and natural gas exploration company based in Vancouver, B.C.
| Issuer: | Athlone Energy Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$1.925 million
|
| Shares: | 3.5 million
|
| Price: | C$0.55
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 6
|
| Stock symbol: | TSX Venture: ATH
|
| Stock price: | C$0.49 at close Feb. 6
|
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