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Newton Energy Corporation Announces Initial Closing of Private Placement |
May 16, 2012
CALGARY, ALBERTA--(Marketwire - May 16, 2012) - Newton Energy Corporation (TSX VENTURE:NTN) (the "Company" or "Newton") announces that it has completed the initial closing of a non-brokered private placement for 3,170,000 common shares (the "Common Shares") of Newton at a price of $0.10 per Common Share for aggregate gross proceeds of $317,000 (the "Offering"). The maximum Offering was for $500,000 and the Company anticipates completing additional closings in the future up to the maximum Offering.
http://www.marketwire.com/mw/release.do?id=1657943&sourceType=3
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