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CALGARY, ALBERTA--(Marketwired - Nov. 3, 2015) - Vital Energy Inc. ("Vital" or the "Corporation") (TSX VENTURE:VUX) announced today that it has completed the closing of the previously announced non-brokered private placement offering of 10,500,000 common shares at a price of $0.10 per share, for gross proceeds of $1,050,000, subject to final approval from the TSX Venture Exchange. The common shares issued in connection with the offering are subject to a hold period that expires on March 3, 2016. The net proceeds of the offering will be used for Vital's oil and gas exploration and development program, and for general working capital purposes. |
