B2Gold Corp. press release
Mystique Energy Increases Financing to $2.5 Million
TSX - Toronto Stock Exchange · Gold · Canada
TSX-Venture Exchange: MYS
CALGARY, Feb. 8 /CNW/ - Mystique Energy, Inc. ("Mystique") announces that its most recent private placement has been oversubscribed. The maximum amount of the financing has been increased from 3.3 million to 3.9 million flow- through common shares at $0.65 per share for gross proceeds of $2.535 million. Mystique will renounce Canadian Development Expenses to subscribers who will be entitled to claim deductions for income tax purposes in the 2006 taxation year equal to 30% of their subscription amount, with the balance deductible in future years. The private placement is being offered on a best efforts basis by Acumen Capital Finance Partners Limited and is expected to be completed by February 23, 2006, subject to the normal regulatory approvals.
Based in Calgary, Mystique is involved in the exploration and exploitation of petroleum reserves in western Canada.
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