By Sheri Kasprzak
Atlanta, Dec. 17 - Stratic Energy Corp. said Friday it plans to raise up to C$5.8 million in a private placement.
The company plans to sell up to 10 million shares at C$0.58 each.
The deal is scheduled to close Dec. 21.
Stratic is an oil and natural gas exploration, acquisition and development company based in Calgary, Alta. The company plans to use the proceeds from the deal for continued exploration and development on its properties and for working capital.
| Issuer: | Stratic Energy Corp.
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| Issue: | Stock
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| Amount: | C$5.8 million
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| Shares: | 10 million
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| Price: | C$0.58
|
| Warrants: | No
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| Announcement date: | Dec. 17
|
| Settlement date: | Dec. 21
|
| Stock price: | C$0.68 at close Dec. 16
|
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