Stans Energy Corp Announces Terms of Private Placement

Stans Energy Corp. (TSXV:RUU) reports on its terms for private placement.

The press release is quoted as saying:

The offering will be a “best efforts” brokered private placement offering of approximately C$28,000,000 of Units at a price of C$1.85 per Unit (the “Offering”). Each Unit will consist of one common share of the Company (“Common Share”) plus one-half of one common share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder thereof to acquire one Common Share of the Company at a price of C$2.25 for a period of 24 months following the closing of the Offering.

Click here to access the entire news release.

Click here to access Stans Energy’s company profile.