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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Raimount Energy Inc.
For further information: For further information: Gregory A. Vavra, President, Raimount Energy Inc., Telephone: (403) 265-6292, E-mail: email@example.com, Fax: (403) 265-2110