New Issue: Fairborne Energy to raise C$36.006 million in a private placement

By Sheri Kasprzak

Atlanta, Dec. 3 - Fairborne Energy Ltd. said Friday it changed the terms of its previously announced C$36,006,500 private placement.

The company will issue 2,725,000 common shares at C$11.50 each and 322,000 flow-through shares at C$14.50.

The offering is expected to close Dec. 23.

Fairborne is a Calgary, Alta.-based oil and natural gas exploration company.

Issuer:	Fairborne Energy Ltd.
Issue:	Common shares and flow-through shares
Amount:	C$36,006,500
Announcement date:	Dec. 3
Settlement date:	Dec. 23
Stock price:	C$11.55 at close Dec. 3
Common shares
Shares:	2.725 million
Price:	C$11.50
Warrants:	No
Flow-through shares
Shares:	322,000
Price:	C$14.50
Warrants:	No

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