By Laura Lutz
Chicago, Oct. 20 - Texas Gas & Oil Inc. settled a private placement for C$1,220,442.
The company issued 813,628 special warrants at C$1.50 apiece.
Each special warrant is exchangeable for one share of Texas Gas & Oil upon completion of the company's reverse takeover with Legend Power Systems Inc. If the reverse takeover is not completed, each special warrant will be exchangeable for one share of Legend Power Systems.
Proceeds are being used for working capital for Legend Power Systems.
The placement was non-brokered.
| Issuer: | Texas Gas & Oil Inc.
|
| Issue: | Special warrants exchangeable for shares of Texas Gas & Oil
|
| Amount: | C$1,220,442
|
| Special warrants: | 813,628
|
| Price: | C$1.50
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Oct. 20
|
| Stock symbol: | TSX Venture: TXG
|
| Stock price: | Not presently trading
|
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