Circle Energy Announces Completion of Private Placement.CALGARY, Alberta--(BUSINESS WIRE)--April 30, 1996--CIRCLE ENERGY INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : CEN CEN - Conseil Européen pour la Normalisation. A body coordinating standardisation activities in the EEC and EFTA countries. )--Circle Energy Inc. ("Circle") announced today that it has completed a private placement of 1,047,779 Units raising gross proceeds of $943,000. The price was $0.90 per Unit with each Unit consisting of one Common Share and one Warrant. Two Warrants entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder to acquire one Common Share at a price of $1.00 per share until July 29, 1996. Proceeds of this offering will be used to carry out Circle's previously announced Nisku/Leduc Devonian Reef drilling program in Central Alberta Central Alberta (also named Alberta's Heartland) is a region located in the Canadian province of Alberta. Central Alberta is the most densely populated rural area in the province. Agriculture and energy make up an important part of the economy. . The Company is mobilized to immediately carry out a ground based magnetic horizontal gradient intensity and radiometric survey on the prospects. Drilling of up to three wells is expected to commence upon completion of the survey. -0- The Alberta Stock Exchange has neither approved nor disapproved of the information contained in this press release. CONTACT: Circle Energy Inc. Bill Baker, 403/777-1926 |
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