B2Gold Corp. press release
Mystique Energy Closes $2.5 Million Financing
TSX - Toronto Stock Exchange · Gold · Canada
TSX-Venture Exchange: MYS
CALGARY, Feb. 23 /CNW/ - Mystique Energy, Inc. ("Mystique") announces that the private placement, which was previously disclosed in press releases dated February 6 and February 8, 2006, has closed. Three million, nine hundred thousand (3.9 million) flow-through common shares were issued at $0.65 per share for gross proceeds of $2.535 million. The issued shares are subject to a four-month hold period which will expire on June 24, 2006. Mystique will renounce Canadian Development Expenses to subscribers who will be entitled to claim deductions for income tax purposes in 2006 and subsequent years. The private placement was completed on a best efforts basis by Acumen Capital Finance Partners Limited. As a result of this financing, Mystique has 48.6 million shares outstanding and 60.3 million shares fully diluted. Proceeds of the offering will be used to fund part of Mystique's 2006 drilling program in the Harmattan, Lochend, Bottrel and Wildcat Hills areas, located northwest of Calgary. Mystique is currently drilling the third well of its 2006 program. The first two wells have been cased and are waiting on completion operations. Based in Calgary, Mystique is involved in the exploration and exploitation of petroleum reserves in western Canada.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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