Business
Blackpool completes financing
Blackpool completes financing.
About this update from Wescan Energy Corp.
[{"type":"text","content":"\n\n\n\nCALGARY, Jan. 4 /CNW/ - Blackpool Exploration Ltd. (BPX.A:TSX Venture\nExchange) announces that on December 29, 2006, it closed on the sale of Units\nannounced in the Company's Press Release dated December 19, 2006. The Company\nissued a total of 3,042,000 Units for gross proceeds of $760,500.00 Each Unit,\npriced at $0.25, consists of one common share issued on a flow-through basis\nand one-half of one share purchase warrant. Each full warrant entitles the\nholder to purchase one common share of the Company at a price of $0.40 per\nshare on or before December 29, 2008. The Company paid cash finders fees\ntotaling $53,220.00 and issued a total of 227,360 warrants entitling the\nfinders to purchase 227,360 common shares of the Company at a price of $0.25\nper share on or before December 29, 2008.\n\n\nThis financing has not resulted in a change of control of the Company.\nInsiders of the Company did not participate in the financing.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\n","length":1115,"tagName":"div"}]