By Sheri Kasprzak
Atlanta, Jan. 10 - Vast Exploration Inc. will enter the private placement market with a C$1 million offering.
The deal is made up of units priced at C$0.30 each. The units are comprised of one share and one half-share warrant.
The whole warrants allow for an additional share at C$0.35 each for two years.
Vast, based in Toronto, is an oil and gas exploration and production company.
| Issuer: | Vast Exploration Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1 million
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| Price: | C$0.30
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.35
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| Announcement date: | Jan. 10
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| Stock price: | C$0.285 at close Jan. 4 (last trade)
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