NEWS - Filling of private placementMore money to prepare for next stage and at an even higher SP.!!.
Be ready for the Quebec GAS Play this summer - It's time now!Gastem 6,764,706-share private placement
Ticker Symbol: C:GMR
Gastem 6,764,706-share private placement
Gastem Inc (C:GMR)
Shares Issued 74,512,301
Last Close 4/6/2010
.62
Tuesday April 06 2010 - Private Placement
The TSX Venture Exchange has accepted for filing the documentation with respect to a brokered private placement announced on March 16, 2010.
Number of shares:6,764,706 flow-through common shares Purchase price:85 cents per flow-through common share Warrants:6,764,706 warrants to purchase 6,764,706 common shares Warrant exercise price:$1.05 per share for a period of 18 months following the closing of the private placementInsider:Sprott Asset Management LP, 2.7 million Agents:Fraser Mackenzie Ltd., Industrial Alliance Securities Inc. and Mackie research Capital Corp. Agents' fees:A cash payment of $431,250 was collectively paid to the agents
The company has confirmed the closing of the private placement pursuant to a news release dated March 25, 2010.
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