By Sheri Kasprzak
Atlanta, May 5 - Huntington Exploration Inc. said it has arranged a non-brokered private placement for up to C$2 million.
The company plans to sell up to 5 million common shares at C$0.20 each and up to 4 million flow-through shares at C$0.25 each.
Based in Calgary, Alta., Huntington is an oil and natural gas exploration company. It plans to use the proceeds for exploration and development and for general corporate purposes.
| Issuer: | Huntington Exploration Inc.
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| Issue: | Common shares and flow-through shares
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| Amount: | C$2 million
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| Pricing date: | May 5
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| Stock price: | C$0.17 at close May 4
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| Common shares
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| Issue: | Common shares
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| Shares: | 5 million (maximum)
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| Price: | C$0.20
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| Warrants: | No
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| Flow-through shares
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| Issue: | Flow-through common shares
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| Shares: | 4 million
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| Price: | C$0.25
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| Warrants: | No
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