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Published on 11/18/2005 in the Prospect News PIPE Daily.

New Issue: SignalEnergy plans C$3 million private placement of stock

By Sheri Kasprzak

New York, Nov. 18 - SignalEnergy Inc. said it priced a private placement for up to C$3,000,480.

The deal includes up to 1,974,000 flow-through shares at C$1.52 each.

Based in Calgary, Alta., SignalEnergy is an oil and natural gas exploration, development and acquisition company.

Issuer:SignalEnergy Inc.
Issue:Flow-through shares
Amount:C$3,000,480
Shares:1,974,000
Price:C$1.52
Warrants:No
Pricing date:Nov. 18
Stock price:C$1.28 at close Nov. 18

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