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Pennant Energy (TSXV:PEN) has entered into an agreement with Canaccord Genuity Corp. to sell up to 10,000,000 flow-through shares of the Company.

Pennant Energy (TSXV:PEN) has entered into an agreement with Canaccord Genuity Corp. to sell up to 10,000,000 flow-through shares of the Company.

As quoted in the press release:

Pennant Energy (TSXV:PEN) has entered into an agreement with Canaccord Genuity Corp. to sell up to 10,000,000 flow-through shares of the Company at a price of $0.20 per FT Share and up to 5,000,000 units of the Company (the “Units”) at a price of $0.20 per Unit for total gross proceeds $3,000,000.

Closing of the financings is anticipated to occur on or before November 23, 2011 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange.

Click here to read the Pennant Energy (TSXV:PEN) press release
Click here to see the Pennant Energy (TSXV:PEN) profile.

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