11:51 AM EST - Gallic Energy Ltd. : announced a private placement of up to 44 million units at a price of $0.05 per Unit for gross proceeds of up to $2.2 million. Each unit is to be comprised of one class A common share and one warrant, with each Warrant exercisable into one Common Share for a period of 24 months after closing at an exercise price of $0.10 per share. Gallic Energy Ltd.
shares V.GLC are trading even at $0.06.
