11:46 AM EST - Crocotta Energy Inc. : announced that it has closed its previously announced non-brokered private placement, resulting in gross proceeds to Crocotta of approximately $22 million through the issuance of 4,181,892 common shares in the capital of the Company 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 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. Crocotta Energy Inc.
shares T.CTA are trading down $0.02 at $2.93.
