By Devika Patel
Knoxville, Tenn., March 17 - Kallisto Energy Corp. said it has arranged a C$6 million non-brokered private placement of stock.
The company will sell 10 million common shares at C$0.60 per share.
Settlement is expected Monday.
Proceeds will be used for the company's 2010 acquisition and drilling programs and general corporate purposes.
Kallisto is a Calgary, Alta.-based junior resource company.
| Issuer: | Kallisto Energy Corp.
|
| Issue: | Common shares
|
| Amount: | C$6 million
|
| Shares: | 10 million
|
| Price: | C$0.60
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | March 17
|
| Settlement date: | March 22
|
| Stock symbol: | TSX Venture: KEC
|
| Stock price: | C$0.70 at close March 17
|
| Market capitalization: | C$11.7 million
|
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