11:54 AM EST - Crocotta Energy Inc. : announced a non-brokered private placement of up to 3,650,000 common shares in the capital of the Company to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) in respect of Canadian exploration expenses at a price of $3.70 per share and 1,860,000 Common Shares to be issued on a "flow-through" basis pursuant to the Income Tax Act(Canada) in respect of Canadian development expenses at a price of $3.50 per share, for aggregate gross proceeds of $20,015,000. Crocotta Energy Inc.
shares T.CTA are trading up $0.02 at $3.29.
