By Susanna Moon
Chicago, June 5 - American Natural Energy Corp. said it plans to offer up to 50 million common shares at $0.03 each.
The company said it has amended the offering since announcing its plans to raise capital on May 21.
Proceeds will be used to fund the previously announced transaction with Dune Energy, Inc. and for working capital purposes.
The offering will end on July 31, unless extended by the company to no later than Aug. 31.
Tulsa, Okla.-based American Natural is an oil and natural gas exploration company.
| Issuer: | American Natural Energy Corp.
|
| Issue: | Stock
|
| Amount: | $1.5 million
|
| Shares: | 50 million
|
| Price: | $0.03
|
| Warrants: | No
|
| Announcement date: | May 21
|
| Amended: | June 4
|
| Stock symbol: | TSX Venture: ANR.U
|
| Stock price: | C$0.02 at close May 26 (last trade)
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