On October 4, 2007, Result Energy Inc. announced that it had completed a non-brokered private placement of 7,410,000 common shares issued on a flow-through basis for income tax purposes at $0.60 per share, for gross proceeds of $4,446,000. The proceeds are intended to finance ongoing exploration activities and for general corporate purposes.
Result is a publicly traded Canadian energy company involved in the exploration and development of oil and gas properties in western Canada and trades on the TSX Venture Exchange under the symbol "RTE".
Result was advised in this transaction by a team from Fasken Martineau that included Rod Ferguson and Jason Mudge (energy and securities) and Frank Schober (tax).