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Edge Resources Closes $1 Million Canadian-Focused Private Placement

Edge Resources Inc. (EDE.V) announced that, on the heels of its $5 million common share offering in the UK, it has raised a further $1 million from Canadian subscribers in response to the oversubscribed UK offering.

The majority of the offering, $1,031,440, represented flow-through subscriptions at a price of $0.32 per share, with the remaining $29,500 in common shares at $0.25 per share.

Proceeds from the Offering will be used for continued exploration and development of the company's lands in western Canada and for general working capital purposes.

EDE is unchanged at 27 cents, with volumes of over 38,000.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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