Granger Completes Public Offering.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--Jan. 5, 1998--Granger Energy Corp. (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :GAS.A.) announced that it has completed the sale of 1,054,797 Class A Shares at a price of $1.65 per share and 567,186 "flow-through" Class A Shares at a price of $1.85 per share for aggregate proceeds of $2,789,709.15. Jennings Jennings, city (1990 pop. 11,305), seat of Jefferson Davis parish, SW La., on the Mermentau River; inc. 1888. Cotton and rice are grown, there is a bottling plant, and drugs, machinery, apparel, and water-treatment systems are manufactured. Capital Inc. and Research Capital Corporation acted as agents on the transaction. The prospectus of the Corporation dated December 8, 1997 also cleared for distribution 1,000,000 Class A Shares and 500,000 Purchase Warrants issued on December 16, 1997 pursuant to the exercise of previously issued Special Warrants. The Purchase Warrants are each exercisable for one Class A Share at the price of $2.00 until February 8, 1998. The Class A shares of Granger are listed on the Alberta Stock Exchange under the trading symbol Trading symbol See: Ticker symbol "GAS.A". Approximately 5,525,000 Class A shares are outstanding and current production is 700 barrels of oil equivalent per day. The Alberta Stock Exchange has neither approved nor disapproved this information. CONTACT: Granger Energy Corp. Murray Murray, river, Australia Murray, principal river of Australia, 1,609 mi (2,589 km) long, rising in the Australian Alps, SE New South Wales, and flowing westward to form the New South Wales–Victoria boundary. Sears, 403/ 237-0083 403/ 237-0085 (FAX) http://www.grangerenergy.com |
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