By Devika Patel
Knoxville, Tenn., Oct. 14 - Eagle Rock Exploration Ltd. said it raised C$4.28 million in a non-brokered private placement of stock.
The company sold 95 million common shares at C$0.045 per share.
Proceeds will be used to reduce debt.
Calgary, Alta.-based Eagle Rock is an oil and natural gas exploration company.
| Issuer: | Eagle Rock Exploration Ltd.
|
| Issue: | Common stock
|
| Amount: | C$4,275,000
|
| Shares: | 95 million
|
| Price: | C$0.045
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Oct. 14
|
| Stock symbol: | TSX Venture: ERX
|
| Stock price: | C$0.25 at close Oct. 13
|
| Market capitalization: | C$13.6 million
|
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