CrownJoule Announces Private Placement.CALGARY, Alberta--(BUSINESS WIRE)--Dec. 23, 1997-- CrownJoule(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CJE.) (TSE:CJE.WT.) CrownJoule Exploration Ltd. announces that it has completed a Private Placement of 854,500 Flow-Through Common Shares at $2.10 per share for proceeds of $1,794,450.00. Pursuant to the offering, CrownJoule will renounce TO RENOUNCE. To give up a right; for example, an executor may renounce the right of administering the estate of the testator; a widow the right to administer to her intestate husband's estate. 2. certain Income Tax benefits relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc exploration and development expenditures to the subscriber. Funds from the issue will be utilized on CrownJoule's exploration and development drilling and seismic programs this winter, primarily in the Manola, Foley Lake, Swan Hills, Jane Lake, Sarah and Doris Areas in West 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. . Following completion of this Private Placement, CrownJoule will have 12,807,840 shares outstanding. CrownJoule is an oil and gas exploration company whose Common Shares and Purchase Warrants are traded 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 symbols "CJE" and "CJE.WT" respectively. -0- NOTE TO EDITORS: The Toronto Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: CrownJoule Exploration Ltd., Calgary George T. Wilson, 403/233-0800 403/264-2687 (FAX) |
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