Business News • MarketWire • Artisan Energy Announces Final Closing of Private Placement |
Artisan Energy Announces Final Closing of Private Placement |
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Artisan Energy Announces Final Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to announce that in connection with its recently completed acquisition of MOGL Corp. and Spur Energy Corp., and in addition to the previously announced initial private placement closing, it has completed the final closing of its non-brokered private placement (the "Private Placement"). Artisan issued 4,400,000 units of Artisan ("Financing Units") at a price of $0.25 per Financing Unit, for aggregate gross proceeds of $1,100,000. Each Financing Unit consists of one Artisan Common Share and one common share purchase warrant, each warrant entitling the holder thereof to purchase one Artisan Common Share at a price of $0.30 per Artisan Common Share for a period of one year from the closing date of the Private Placement. Proceeds from the Private Placement will be used to reduce indebtedness and to advance Artisan's various development-stage projects. Artisan did not pay any commissions in relation to the Private Placement. The securities issued pursuant to the Private Placement are subject to a four-month plus one day hold period.
View More : http://www.marketwired.com/mw/release.do?id=1972474&sourceType=3
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