Huntington Exploration Inc. (TSXV: HEI.V) has closed a non-brokered private placement of units in the capital of the company, subject to final approval from the TSX Venture Exchange.
The company issued 9,750,000 units for aggregate gross proceeds of CA $487,500.
Proceeds will be used to incur eligible Canadian Exploration Expenses to fund its ongoing capital programs prior to December 31, 2013. These qualifying Canadian Exploration Expense expenditures will be renounced to subscribers effective December 31, 2012.
All securities issued in connection with the private placement are subject to a four-month ...