New Issue: Athlone Energy prices C$1.35 million private placement of stock

By Sheri Kasprzak

New York, Dec. 15 - Athlone Energy Ltd. said it plans to raise C$1,348,900 in a private placement.

The non-brokered offering includes 1,927,000 flow-through shares at C$0.70 each.

Proceeds will be used for ongoing drilling and seismic programs.

Based in Vancouver, B.C., Athlone is an oil and natural gas exploration company.

Issuer:	Athlone Energy Ltd.
Issue:	Flow-through shares
Amount:	C$1,348,900
Shares:	1,927,000
Price:	C$0.70
Warrants:	No
Placement agent:	Non-brokered
Pricing date:	Dec. 15
Stock price:	C$0.62 at close Dec. 15

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