New Issue: Ammonite Energy seals C$2.68 million private placement of common stock

By Devika Patel

Knoxville, Tenn., Aug. 7 - Ammonite Energy Ltd. said it raised C$1.06 million in the second and final tranche of a C$2.68 million non-brokered private placement of stock. The deal priced for C$4 million June 2, and the company took in C$1.62 million in the first tranche on Aug. 5.

The company sold 5,400,960 common shares at C$0.30 per share in the first tranche. It sold 3,538,300 shares in this one.

Proceeds will be used for exploration and development in the Wembley area of northwest Alberta and the Kindersley area of southwest Saskatchewan and for general corporate purposes.

Ammonite Energy is a petroleum and natural gas company based in Calgary, Alta.

Issuer:	Ammonite Energy Ltd.
Issue:	Common shares
Amount:	C$2,681,778
Shares:	8,939,260
Price:	C$0.30
Warrants:	No
Agent:	Non-brokered
Pricing date:	June 2
Settlement date:	Aug. 5 (for C$1,620,288), Aug. 7 (for C$1,061,490)
Stock symbol:	TSX Venture: AMO
Stock price:	C$0.35 at close June 1
Market capitalization:	C$11.2 million

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