Published on 8/23/2006 in the Prospect News PIPE Daily.
New Issue: Exceed Energy wraps $2 million private placement of stock
Laura Lutz
Des Moines, Aug. 23 - Exceed Energy Inc. settled a non-brokered private placement for C$2,000,005.
The company sold 5,714,300 flow-through common shares of the corporation at C$0.35 each.
The proceeds will be used to conduct oil and gas exploration in Canada.
Exceed Energy Inc. is a Calgary-based oil and gas company focused on Western Canada.
| Issuer: | Exceed Energy Inc.
|
| Issue: | Stock
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| Amount: | C$2,000,005
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| Shares: | 5,714,300
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| Price: | C$0.35
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Settlement date: | Aug. 23
|
| Stock symbol: | TSX Venture: EX.A
|
| Stock price: | C$0.295 at close on Aug. 23
|
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