Park Place Energy Corp. announce that the Corporation has raised a total of $900,000 by way of a Private Placement consisting of 900,000 Units. Each Unit consists of one Common Share at a deemed price of $0.10 and one-half of one Share Purchase Warrant.
Each whole Share Purchase Warrant may be exercisable by the holder for a period of one year to acquire one Common Share of the Corporation at a price of $0.20 per Common Share.
Proceeds from the Private Placement will be used to advance both the Corporation's oil & gas assets in North America as well as its BrasAm Diamond Project in Central Brazil. In addition a portion of the Private Placement funds will be used for general working capital purposes.
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