Great Plains Completes Additional Tranche of Private Placement
Great Plains Exploration has closed on a second tranche of its private placement that was announced on December 17, 2007, for an additional amount of 585,000 Common Shares at $0.85 per share, issued on a flow-through basis, for proceeds of $497,250.
In aggregate with the previous tranche, the private placement resulted in the issuance of 2,290,882 Common Shares on a flow-through basis for total proceeds of $1,947,250. The private placement was completed on a non-brokered basis with no commission or agency fees paid. The proceeds of the private placement will be used towards the 2008 capital program.
The common shares of Great Plains have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States or to any U.S. person except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.
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- Great Plains Energy Declares Dividends (May 05)