Published on 4/30/2008 in the Prospect News PIPE Daily.
New Issue: Mogul Energy plans to take in $1.9 million from private placement of shares
By Devika Patel
Knoxville, Tenn., April 30 - Mogul Energy International, Inc. arranged a $1.9 million private placement of stock in Canada, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company will sell common shares at $0.20 per share. It also will sell flow-through common shares at $0.25 apiece.
Based in Seattle, Wash., Mogul Energy is an international oil and gas exploration company.
| Issuer: | Mogul Energy International, Inc.
|
| Issue: | Common stock, flow-through common stock
|
| Amount: | $1.9 million
|
| Price: | $0.20 (common shares), $0.25 (flow-through common shares)
|
| Warrants: | No
|
| Pricing date: | April 30
|
| Stock symbol: | OTCBB: MGUY
|
| Stock price: | $0.24 at close April 30
|
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