CALGARY, Jan. 12 /CNW/ - Raimount Energy Inc. ("Raimount") ("TSX - RMT") announced today that it has closed the previously announced Private Placement Offering effective December 31, 2009 (the "Offering"). Gross Proceeds totalled $1,356,538, and were comprised of 426,085 Common Shares issued at $0.80 per share, and 1,015,670 Flow-Through Common Shares issued at $1.00 per share. Costs of the Offering are expected to total approximately $20,000. The net proceeds of $1,336,538 will be used by the Company for ongoing operations at Woolford, Alberta and the drilling of a seismic anomaly at Innisfail, Alberta. The Offering was completed pursuant to exemptions from prospectus and registration requirements contained in NI45-106. The shares issued pursuant to this offering are first trade restricted until April 30, 2010 unless regulatory approval is first obtained.
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SOURCE Raimount Energy Inc.
For further information: For further information: Gregory A. Vavra, President, Raimount Energy Inc., Telephone: (403) 265-6292, E-mail: firstname.lastname@example.org, Fax: (403) 265-2110