FINANCING / Hegco Canada announces Approval of Financing
EDMOND, OK., Dec. 23 /CNW/ - The President and Chairman of HEGCO Canada,
Inc., Douglas C. Hewitt, announced today that the Alberta Stock Exchange has
given HEGCO conditional approval on its Special Warrant Offering of $3,500,000
in equity financing. The Company is closing on $1,204,000 today, December 23,
1997, with the remaining balance of $2,296,000 expected to close on January 6,
1998.
HEGCO Canada, Inc., is an Alberta, Canada corporation that trades on the
Alberta Stock Exchange under the symbol ''HEG''. The Company is an oil and gas
production, servicing and drilling company operating in Oklahoma and Arkansas.
On behalf of the Board:
Douglas C. Hewitt,
Chairman, Director |
