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| Home : RedWater Closes Debt and Equity Financing |
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Aug 28
2013 |
RedWater Closes Debt and Equity Financing |
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OKOTOKS, ALBERTA--(Marketwired - Aug. 28, 2013) - RedWater Energy Corp. ("RedWater") (TSX VENTURE:RED) is pleased to announce that is has closed a non-brokered private placement (the "Offering") by issuing 5,393,098 common shares at a price of $0.10 per share for aggregate gross proceeds to RedWater of $538,310. All common shares issued pursuant to the Offering are subject to a four-month hold period. Including the issuance of shares detailed in this news release, there will be 40,233,250 common shares of RedWater issued and outstanding. The Offering remains subject to final acceptance by the TSX Venture Exchange. The proceeds of the Offering will be used to fund RedWater's ongoing exploration and development activities. |
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| Source:http://www.marketwire.com/mw/release.do?id=1825404&sourceType=3 |
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