By Devika Patel
Knoxville, Tenn., June 25 - Yangarra Resources Ltd. said it plans a C$1.91 million non-brokered private placement of stock.
The company will sell 1.65 million common shares at C$0.56 each. It also will sell 1.65 million flow-through common shares at C$0.60 per share.
Settlement is expected June 28.
Proceeds will be used for qualifying expenditures on the company's natural gas and oil properties
The oil and gas company is based in Calgary, Alta.
| Issuer: | Yangarra Resources Ltd.
|
| Issue: | Common shares, flow-through shares
|
| Amount: | C$1,914,000
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | June 25
|
| Settlement date: | June 28
|
| Stock symbol: | TSX Venture: TGR
|
| Stock price: | C$0.56 at close June 24
|
| Market capitalization: | C$30.1 million
|
|
|
| Common shares
|
| Amount: | C$924,000
|
| Shares: | 1.65 million
|
| Price: | C$0.56
|
|
|
| Flow-through shares
|
| Amount: | C$990,000
|
| Shares: | 1.65 million
|
| Price: | C$0.60
|
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