2.4m unit private placement completed
Raptor Capital Corporation RCP
Shares issued 7,616,250 Jul 10 close $0.18
Tue 25 Feb 97 News Release
Mr Norman MacKenzie reports
The company has completed the private placement of 2,400,000 units at
$0.50, each consisting of one share and one warrant to purchase one share
for 15 months at $0.75 in the first six months and at $1.00 in the last
nine months. Assuming all warrants are exercised, the company will issue an
additional 2,400,000 shares. Proceeds will be used for oil and gas
exploration and development.
As a result of the completion of the above private placement and a recently
completed private placement, the company presently has 11,228,750 shares
issued.
The common shares of the company are currently halted for trading on the
ASE, however, it is expected that trading in such shares will resume later
today.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
Stock started trading Feb.25, between $1.00 and 1.35. This is a Mackenzie family play (see Scimitar,SIY-ASE). Conservatively, I'm looking for $3.00 sometime this year. Nesbitt did a cross for 500,000 shares and is buying up to $1.25. |
