Pennant Energy Inc PENFF

pen nr

[pennymaker69]

Pennant Energy 2,266,143-share private placement

2011-09-27 16:55 ET - Private Placement

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The TSX VentureExchange has accepted for filing documentation with respect to anon-brokered private placement announced Sept. 9, 2011.

Number of shares:  2,166,143 flow-through shares and 100,000 non-flow-through shares

Purchase price:  14 cents per flow-through and non-flow-through share

Warrants:  100,000 share purchase warrants to purchase 100,000 non-flow-through shares

Warrant exercise price:  20 cents for a one-year period

Hidden placees:  Nine hidden placees

Insiders:  Thomas Yingling, 200,000 FT;Inceptus Investments Ltd. (Rod Morris), 100,000 NFT

Finder's fee:  $15,768.20 and 112,630 agent warrants exercisable intoone common share at 17 cents for a one-year period, payable to CanaccordGenuity Corp.

[Titi]

If somebody sells under 0.14 must be in big trouble.titi