By Sheri Kasprzak
New York, Dec. 23 - Arapahoe Energy Corp. said it has concluded a private placement for C$1.49 million.
The company sold 1,986,665 flow-through shares at C$0.75 each.
The deal was non-brokered.
Proceeds will be used for exploration on the company's Canadian properties.
Based in Calgary, Alta., Arapahoe is an oil and natural gas exploration company.
| Issuer: | Arapahoe Energy Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$1.49 million
|
| Shares: | 1,986,665
|
| Price: | C$0.75
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Settlement date: | Dec. 23
|
| Stock price: | C$0.49 at close Dec. 23
|
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