First tranche free trading starts Aug 23going to be some downward pressure starting next week methinks as the high tax bracket flo-thru guys sell some shares
(TSX VENTURE:AAO) (the "Corporation") is pleased to announce that it has closed the first tranche of its previously announced brokered private placement with Dominick & Dominick Securities Inc. At this closing, an aggregate of 1,263,100 Common Shares at a price of $0.40 per share ($505,240.00) and 7,512,113 Flow-Through Shares at a price of $0.45 per share ($3,380,451) were issued for gross proceeds of $3,885,691. The securities issued are subject to a statutory
restricted period of four months, which expires on August 23, 2005.
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(TSX VENTURE:AAO) is pleased to announce that it has closed
the second tranche of its previously announced brokered private placement with Dominick & Dominick Securities Inc. At this closing, an aggregate of 986,900 Common Shares at a price of $0.40 per share ($394,760.00) and 100,000 Flow-Through Shares at a price of $0.45 per share ($45,000) were issued for gross proceeds of $439,760.00. The securities issued are subject to a statutory restricted period of four months, which expires on August 29, 2005.
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Arapahoe Energy Corporation (the "Corporation") is pleased to announce
that it has closed the third and final tranche of its previously announcedbrokered private placement with Dominick & Dominick Securities Inc. At this closing, an aggregate of 250,000 Common Shares at a price of $0.40 per share ($100,000.00) and 1,211,112 Flow-Through Shares at a price of $0.45 per share ($545,000.40) were issued for gross proceeds of $645,000.40. The securities issued are subject to a statutory restricted period of four months, which expires on September 6, 2005.