Marauder Resources arranges C$26 million private placement of stock

By Sheri Kasprzak

Atlanta, March 14 - Marauder Resources East Coast Inc. said it plans to raise C$26 million in a private placement of stock.

Robert Shields, the company's president, did not return telephone calls Monday for additional details on the deal.

Dundee Securities Corp. is the placement agent in the offering.

Based in Calgary, Alta., Marauder is an oil and natural gas exploration and development company. It plans to use the proceeds from the deal for drilling on a well offshore of Nova Scotia.

On Monday, Marauder's stock closed up C$0.05 at C$1.60.

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