Business
$556,000 Placement Completed
$556,000 Placement Completed.
About this update from Cavvy Energy Ltd
[{"type":"text","content":"\n\n\n\n\nRIMOUSKI, QC, June 8 /CNW Telbec/ - PDetrolia (PEA : TSX - V) has\ncompleted a placement of $556,050 coming from the issue of 1,010,999 shares at\nthe price of $0.55 per share and 1,010,999 warrants, each one giving the\nholder the right to purchase a common share. The shares may not be traded\nuntil October 9, 2006. Each warrant attached to the issued shares may be\nexercised at the price of $0.65 per share until November 30, 2006 and at $0.75\nper share until November 30, 2007.\nProfit from the placement will be used as working capital and for\nexploration work scheduled for 2006.\nThe Company has now issued 28,183,329 shares along with this placement.\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\nor accuracy of this release.\n\n\n","length":840,"tagName":"div"}]