Replies to post #74 on Lgx Oil & Gas fka OIL

[Onthego]

Oilexco 31-million-share prospectus offering


2005-06-27 16:13 ET - Prospectus Approved

Effective June 20, 2005, Oilexco Inc.'s short form prospectus dated June 20, 2005, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the Alberta, British Columbia and Ontario securities commissions, pursuant to the provisions of the Alberta, British Columbia and Ontario securities acts. The offering has closed with the following terms.


Agents: Canaccord Capital Corp., Canaccord Capital (Europe) Ltd.

Offering: 31 million common shares

Share price: $2.22 per share (0.98 pound per share)

Agent's warrants: non-transferable broker warrants to acquire up to that number of common shares equal to 6 per cent of the number of common shares sold by the agents under the offering, exercisable at a price of $2.22 per share (0.98 pound per share) for a period of 12 months from the closing of the offering