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Epic Oil and Gas 2,258,000 share private placement
Epic Oil and Gas Ltd
EAS
Shares issued 18,731,706 Oct 9
close $0.08
Thu 11 Oct 2001 Private
Placement
The Canadian Venture Exchange has accepted for filing
documentation with
respect to a non-brokered private placement announced July 23, 2001.
No. of shares: 2,258,000 shares
Price: 10 cents per share
Warrants: 1,129,000 non-transferable share purchase
warrants to
purchase 1,129,000 shares
Warrant price: 15 cents for a 180-day period
Placees: Seven placees participated
Insiders: Robert T. Malcolm 100,000; Curtis A. Hartzler
50,000;
and Michael J. Hopley 100,000
The company must issue a news release if the private placement
does not
close promptly. Note that in certain circumstances the exchange
may later
extend the expiry date of the warrants, if they are less than the
maximum
permitted term.
Looks like they have enough cash to buy the land they need and drill some wells with their partner.
Cheers,
JR. |
