By Devika Patel
Knoxville, Tenn., June 11 - Canadian Quantum Energy Corp. said it plans a C$2.09 million non-brokered private placement of stock.
The company will sell 1.9 million flow-through common shares at C$1.10 each.
Proceeds will be used for activities associated with the company's interests in the Quebec Lowlands Utica Shale Play.
The petroleum and natural gas explorer is based in London, Ont.
| Issuer: | Canadian Quantum Energy Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2.09 million
|
| Shares: | 1.9 million
|
| Price: | C$1.10
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | June 11
|
| Stock symbol: | TSX Venture: CQM
|
| Stock price: | C$0.95 at close June 10
|
| Market capitalization: | C$23.4 million
|
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