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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. | ||||||||||||||
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