By Sheri Kasprzak
New York, Dec. 21 - Athlone Energy Ltd. said it has increased to C$1,510,600 its previously announced C$1,348,900 private placement.
The company now plans to sell 2,158,000 flow-through shares at C$0.70 each.
The non-brokered offering was first announced Dec. 15 as including up to 1,927,000 flow-through shares under the same terms.
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$1,510,600
|
| Shares: | 2,158,000
|
| Price: | C$0.70
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | Dec. 15
|
| Upsized: | Dec. 20
|
| Stock price: | C$0.62 at close Dec. 15
|
| Stock price: | C$0.56 at close Dec. 20
|
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