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Mystique Energy Closes Financing of $4.3 Million
Mystique Energy Closes Financing of $4.3 Million.
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"\n\n\n\n\nTSX-Venture Exchange: MYS\n\nCALGARY, July 14 /CNW/ - Mystique Energy Inc. (\"Mystique\") announces that\nthe private placement, which was announced in a press release dated\n2006-06-26, has been closed. Ten million (10.0 million) flow-through common\nshares were issued at $0.43 per share for gross proceeds of $4.3 million. The\nissued shares are subject to a four month hold period which will expire on\nNovember 14, 2006. Mystique will renounce Canadian Exploration Expenses to\nsubscribers who will be entitled to claim deductions for income tax purposes\nin the 2006 taxation year equal to 100% of their subscription amount. The\nprivate placement was completed on a best efforts basis by Acumen Capital\nFinance Partners Limited.\nAs a result of this financing, Mystique has 59.7 million shares\noutstanding and 69.1 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 / Wildcat Hills areas\nwhich are located northwest of Calgary. Mystique has just completed the\ndrilling of its fifth well of its 2006 program. The first four wells have been\ncased; one well is on production, one well has been completed and is being\ntied-in to processing facilities, one well is being completed and the fourth\nis waiting on completion operations. A second drilling rig is being contracted\nto accelerate Mystique's drilling program. The company is targeting to drill a\ntotal of 22 wells during 2006.\n\nBased in Calgary, Mystique is involved in the exploration and\nexploitation of petroleum reserves in western Canada.\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\nor accuracy of this release.\n\n%SEDAR: 00001147E\n\n\n","length":1799,"tagName":"div"}]