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New Stratus Energy Raises C$1.5 Million in Final Tranche of Private Placement of Shares

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New Stratus Energy (NSE.V) said on Tuesday that it closed the second and final tranche of its private placement of shares, raising an additional C$1.5 million for a total of C$8 million.

Under the second tranche, New Stratus issued 2.93 million shares at C$0.50 each.

New Stratus raised C$6.5 million in the first tranche, which closed on July 28.

Proceeds from the offering will be used to advance due diligence on opportunities in Venezuela.

New Stratus Energy shares were last seen up C$0.02 at C$0.70 on the TSX Venture Exchange.

Price: $0.70, Change: $+0.02, Percent Change: +2.94%

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