Published on 10/5/2009 in the Prospect News PIPE Daily.
New Issue: Reliable Energy seals C$5.2 million private placement of common stock
By Devika Patel
Knoxville, Tenn., Oct. 5 - Reliable Energy Ltd. said it raised C$5.2 million in a private placement of stock.
The company sold common shares at C$0.15 per share.
Reliable Energy is a Calgary, Alta.-based capital pool company.
| Issuer: | Reliable Energy Ltd.
|
| Issue: | Common stock
|
| Amount: | C$5.2 million
|
| Price: | C$0.15
|
| Warrants: | No
|
| Settlement date: | Oct. 5
|
| Stock symbol: | Toronto: REL
|
| Stock price: | C$0.29 at close Oct. 2
|
| Market capitalization: | C$36.2 million
|
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