Eagle Ford Oil & Gas concludes $431,650 private placement of shares

Company offers 1,692,748 common shares at $0.255 per share in offering

By Devika Patel

Knoxville, Tenn., Dec. 20 - Eagle Ford Oil & Gas Corp. settled a $431,650 private placement of stock on Dec. 17, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company sold 1,692,748 restricted common shares at $0.255 per share. The price per share is a 70% discount to the Dec. 14 closing share price of $0.85.

The oil and gas company is based in Houston.

Issuer:	Eagle Ford Oil & Gas Corp.
Issue:	Restricted common stock
Amount:	$431,650
Shares:	1,692,748
Price:	$0.255
Warrants:	No
Settlement date:	Dec. 17
Stock symbol:	OTCBB: ECCE
Stock price:	$0.85 at close Dec. 14
Market capitalization:	$16.63 million

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