Published on 1/26/2007 in the Prospect News PIPE Daily.
New Issue: Ember Resources negotiates C$15 million placement of stock
By Sheri Kasprak
New York, Jan. 26 - Ember Resources Inc. plans to raise up to C$15,000,060 in a private placement.
The deal includes up to 5,660,400 shares at C$2.65 offered to KERN Partners Ltd.
Proceeds will be used to acquire the coal bed methane assets in the Acme area of Alberta. The remainder of the proceeds will be used for the company's 2007 capital program.
Based in Calgary, Alta., Ember is a coal bed methane exploration company.
| Issuer: | Ember Resources Inc.
|
| Issue: | Stock
|
| Amount: | C$15,000,060
|
| Shares: | 5,660,400
|
| Price: | C$2.65
|
| Warrants: | No
|
| Investor: | KERN Partners Ltd.
|
| Pricing date: | Jan. 26
|
| Stock symbol: | Toronto: EBR
|
| Stock price: | C$2.50 at close Jan. 25
|
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