By Devika Patel
Knoxville, Tenn., Dec. 23 - Kallisto Energy Corp. said it raised C$578,134 in the initial tranche of a C$1.05 million non-brokered private placement of stock. The deal priced Dec. 16.
The company is selling 2.5 million common shares at C$0.42 per share. It sold 1,376,510 shares in this tranche.
Proceeds will be used to fund the next well of the Pembina drilling program and for general corporate purposes.
Kallisto is a Calgary, Alta.-based junior resource company.
| Issuer: | Kallisto Energy Corp.
|
| Issue: | Common shares
|
| Amount: | C$1.05 million
|
| Shares: | 2.5 million
|
| Price: | C$0.42
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | Dec. 16
|
| Settlement date: | Dec. 23 (for C$578,134)
|
| Stock symbol: | TSX Venture: KEC
|
| Stock price: | C$0.45 at close Dec. 16
|
| Market capitalization: | C$4.76 million
|
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