Avery Resources cancels C$8 million private placement

By Sheri Kasprzak

Atlanta, June 9 - Avery Resources Inc. said it will not proceed with a C$8 million private placement it announced in March.

The company had planned to sell up to 16 million units at C$0.50 each through placement agents Jennings Capital Inc., PowerOne Capital Markets Ltd. and Nash Fitzwilliams Ltd.

Details about the company's decision to cancel the deal could not be obtained by press time Thursday.

Based in Calgary, Alta., Avery is an oil and natural gas exploration company.

On Thursday, the company's stock closed down C$0.015 at C$0.315.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.