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| Home : Enterprise Oilfield Group, Inc. Announces Closing of Private Placement |
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Jul 01
2011 |
Enterprise Oilfield Group, Inc. Announces Closing of Private Placement |
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ST. ALBERT, ALBERTA--(Marketwire - June 30, 2011) - Enterprise Oilfield Group, Inc. ("Enterprise" or the "Company") (TSX:E) announces that it has closed a non-brokered private placement (the "Offering") of 6,084,997 units of the Company ("Units") at a price of $0.15 per Unit for gross proceeds of $912,750. Each Unit is comprised of one common share in the capital of the Company ("Common Share") and one Common Share purchase warrant ("Warrant"). Each whole Warrant entitles the holder to acquire one Common Share at an exercise price of $0.20 at any time for a period of two years from the closing of the Offering. |
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| Source:http://www.marketwire.com/mw/release.do?id=1533849&sourceType=3 |
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