11:41 AM EST - Return Energy Inc. : Has closed an initial tranche of its previously announced non-brokered private placement comprised of common share units and Canadian exploration expense flow-through shares. Under this tranche of the Offering, Return issued 16,700,399 Units at a price of $0.12 per Unit for aggregate gross proceeds of $2,004,047.88, as well as 715,000 CEE FTS at a price of $0.14 per CEE FTS for aggregate gross proceeds of $100,000 for total gross proceeds under this tranche of the Offering of $2,104,147.88. Return Energy Inc.
shares V.RTN are trading unchanged at $0.11.
