New Issue: Kallisto Energy sells another C$127,466 of stock in C$1.05 million sale

By Devika Patel

Knoxville, Tenn., Jan. 27 - Kallisto Energy Corp. said it raised C$127,466 in the third and final tranche of a C$1.05 million non-brokered private placement of stock. The deal priced Dec. 16 and the company took in C$578,134 in the initial tranche on Dec. 23 and C$344,400 on Jan. 19.

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), Jan. 19 (for C$344,400), Jan. 27 (for C$127,466)
Stock symbol:	TSX Venture: KEC
Stock price:	C$0.45 at close Dec. 16
Market capitalization:	C$4.62 million

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