[coalalert] CEC offers private placement of common share of stock
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- Published on Tuesday, 06 May 2014 08:00
- Written by editor
Compliance Energy announces private placement
TSX-V TRADING SYMBOL: CEC
VANCOUVER, May 5, 2014 /PRNewswire/ - Compliance Energy Corporation ("Compliance" or the "Company") intends to complete a private placement of up to 16,000,000 common shares at a price of $0.025 per share, to raise gross proceeds of approximately $400,000 (the "Private Placement"). The proceeds from the Private Placement will be used in connection with the Company's Raven Project and working capital. The Private Placement, including the pricing, are subject to the approval of... the TSX Venture Exchange. The shares will be subject to a four month hold period.
On behalf of the Board of
COMPLIANCE ENERGY CORPORATION
Grant Tanaka, CA
Chief Financial Officer