Cube Energy Corp. Completes Private Placement.CALGARY, ALBERTA--(BUSINESS WIRE)--Dec. 21, 1995--CUBE ENERGY CORP. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CUK CUK Conservatoires UK ) Cube Energy Corp. announced that it has completed a private placement of 300,000 common shares at the price of $7.50 per share for aggregate proceeds of $2,250,000. The proceeds will be used to reduce bank indebtedness INDEBTEDNESS. The state, of being in debt, without regard to the ability or inability of the party to pay the same. See 1 Story, Eq. 343; 2 Hill. Ab. 421. 2. and to assist in ongoing exploration and development work. After giving effect to the private placement, Cube has 4,054,027 common shares outstanding. CONTACT: Mr. Steven P. Dobrowolski President and C.E.O. or Mr. Randal J. Matkaluk C.F.O. 403/264-4405 403/269-3020 (FAX) REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-236-4266 or 80 |
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