By Sheri Kasprzak
Atlanta, April 1 - Welton Energy Corp. said it has wrapped a private placement for C$2.5 million.
The company sold 1,666,667 shares at C$1.50 each.
Half of the shares were sold on a flow-through basis.
Canaccord Capital Corp. was the placement agent.
Based in Calgary, Alta., Welton is an oil and gas exploration and development company. The proceeds will be used for the company's drilling program and for general corporate purposes.
| Issuer: | Welton Energy Corp.
|
| Issue: | Stock
|
| Amount: | C$2.5 million
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| Shares: | 1,666,667
|
| Price: | C$1.50
|
| Warrants: | No
|
| Placement agent: | Canaccord Capital Corp.
|
| Settlement date: | March 31
|
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