By Laura Lutz
Des Moines, March 12 - Solara Exploration Ltd. settled a private placement of shares for C$4.09 million.
The company sold 4.09 million class A flow-through shares for C$1.00 each.
Proceeds of the non-brokered deal will be used for exploration and development and for geophysical operations on the company's oil and gas projects in Alberta.
Solara is an oil and gas company based in Calgary, Alta.
| Issuer: | Solara Exploration Ltd.
|
| Issue: | Class A flow-through shares
|
| Amount: | C$4.09 million
|
| Shares: | 4.09 million
|
| Price: | C$1.00
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | March 9
|
| Stock symbol: | TSX Venture: SAA.A
|
| Stock price: | C$0.78 at close March 9
|
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