New Issue: Landis settles C$2.5 million from private placement of shares

By Devika Patel

Knoxville, Tenn., June 23 - Landis Energy Corp. said it took in C$2.5 million from a private placement of stock.

The company sold 2,942,000 common shares at C$0.85 per share.

Landis, based in Calgary, Alta., is an oil and natural gas exploration company. It was formerly known as Landis Mining Corp.

Issuer:	Landis Energy Corp.
Issue:	Common shares
Amount:	C$2,500,700
Shares:	2,942,000
Price:	C$0.85
Warrants:	No
Settlement date:	June 23
Stock symbol:	TSX Venture: LIS
Stock price:	C$0.92 at close June 20

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