By Laura Lutz
Des Moines, June 27 - Celestial Energy Inc. raised C$500,000 from a second tranche of its previously announced private placement of units, increasing the total deal size to C$2 million.
In total, the company has sold 8 million units of one share and one warrant at C$0.25 per unit. Each warrant is exercisable at C$0.30 until July 12, 2008.
The first tranche, for 6 million units, settled on June 13. The second tranche included 2 million units.
The placement is non-brokered.
Celestial is an oil and gas exploration company based in Calgary, Alta.
| Issuer: | Celestial Energy Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2 million
|
| Units: | 8 million
|
| Price: | C$0.25
|
| Warrants: | One per unit
|
| Warrant expiration: | July 12, 2008
|
| Warrant strike price: | C$0.30
|
| Agent: | Non-brokered
|
| Settlement date: | June 13 (for C$1.5 million); June 27 (for C$500,000)
|
| Stock symbol: | TSX Venture: CEL
|
| Stock price: | C$0.60 at close June 13
|
| Stock price: | C$0.60 at close June 27
|
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