Printer Friendly

Circle Energy Announces Completion of Private Placement.

CALGARY, Alberta--(BUSINESS WIRE)--April 30, 1996--CIRCLE ENERGY INC. (Alberta Stock Exchange: CEN)--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 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. 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.


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
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 30, 1996
Previous Article:Berg Electronics posts 12.4% sales gain; earnings before extraordinary items jump 37.5%.
Next Article:Avid Technology reports results for first quarter 1996.

Related Articles
Concord Energy completes debt financing to initiate joint venture with KEMCO.
Meridian Energy - B.C. and Alberta Private Placements.
United States Exploration, Inc. announces reaching minimum in its private placement.
Quest Capital Corporation - Private Placement.
Meridian Energy Corporation Private Placement.
Circle Announces Production Acquisition.
Corker Resources Inc. announces major transaction.
Centurion Energy Establishes Terms of Private Placement.
Thunder Completes Private Placement.
Gold Star Energy Inc. Announces Proposed Special Warrants Private Placement and Share Consolidation.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters