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Canadian Leader completes private placement.


CALGARY, Alberta--(BUSINESS WIRE)--Sept. 7, 1995--CANADIAN LEADER ENERGY (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: LOL "Laughing out loud" or "lots of luck." See digispeak.

(chat) LOL - "laughing out loud", or "lots of love" or "luck".
)--Canadian Leader Energy Inc. (the "corporation") is pleased to announce that it has completed a private placement of 3,699,998 "flow-through" common shares at an issue price of $0.55 per share for gross proceeds of $2,035,000 which will be expended on exploration and development activities on the corporation's oil and gas properties.

Subscribers also received 1,712,635 warrants entitling the holders to subscribe for 1,712,635 common shares at $0.75 per share until Sept. 7, 1996.

Canadian Leader Energy Inc. trades on the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 under the trading symbol Trading symbol

See: Ticker symbol
 "LOL".

CONTACT: Jeffrey L. Standen or Paul W. M. Read, 403/264-1095

Fax, 403/264-6111
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 7, 1995
Words:123
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