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Columbus Energy Limited

09:49 AM EST - Columbus Energy Limited : Has negotiated, subject to regulatory approval, up to a four-million-unit private placement, at $0.06 per unit to raise proceeds of up to $240,000. Each unit will consist of one common share and one transferable share purchase warrant allowing the purchaser to purchase one additional share, for a period of two years, at a price of $0.08 in the first year and $0.10 in the second year. Columbus Energy Limited shares V.CEL are trading unchanged at $0.08.