Business
Mystique Energy Closes $2.5 Million Financing
Mystique Energy Closes $2.5 Million Financing.
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"\n\n\n\n\nTSX-Venture Exchange: MYS\n\nCALGARY, Feb. 23 /CNW/ - Mystique Energy, Inc. (\"Mystique\") announces\nthat the private placement, which was previously disclosed in press releases\ndated February 6 and February 8, 2006, has closed. Three million, nine hundred\nthousand (3.9 million) flow-through common shares were issued at $0.65 per\nshare for gross proceeds of $2.535 million. The issued shares are subject to a\nfour-month hold period which will expire on June 24, 2006.\nMystique will renounce Canadian Development Expenses to subscribers who\nwill be entitled to claim deductions for income tax purposes in 2006 and\nsubsequent years. The private placement was completed on a best efforts basis\nby Acumen Capital Finance Partners Limited.\nAs a result of this financing, Mystique has 48.6 million shares\noutstanding and 60.3 million shares fully diluted.\nProceeds of the offering will be used to fund part of Mystique's 2006\ndrilling program in the Harmattan, Lochend, Bottrel and Wildcat Hills areas,\nlocated northwest of Calgary. Mystique is currently drilling the third well of\nits 2006 program. The first two wells have been cased and are waiting on\ncompletion operations.\nBased in Calgary, Mystique is involved in the exploration and\nexploitation of petroleum reserves in western Canada.\n\n The TSX Venture Exchange does not accept responsibility for the\n adequacy or accuracy of this release.\n\n%SEDAR: 00001147E\n\n\n","length":1510,"tagName":"div"}]