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| Home : Huntington Announces Closing of Private Placement |
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Jan 03
2013 |
Huntington Announces Closing of Private Placement |
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CALGARY, ALBERTA--(Marketwire - Jan. 2, 2013) - Huntington Exploration Inc. ("Huntington" or the "Company") (TSX VENTURE:HEI) is pleased to announce that it has closed a non-brokered private placement (the "Private Placement") of units (each "Unit" as set out below) in the capital of the Company, subject to final approval from the TSX Venture Exchange. Each Unit was comprised of one (1) common share in the capital of the Corporation issued on a "flow-through" basis as defined in the Income Tax Act (Canada) and one (1) common share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder thereof to purchase one (1) common share in the capital of the Corporation at a price of $0.10 per share until December 31, 2014. The Company issued 9,750,000 Units for aggregate gross proceeds of $487,500. |
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| Source:http://www.marketwire.com/mw/release.do?id=1741903&sourceType=3 |
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