Pétrolia Inc. has closed a private placement. The Corporation has issued an aggregate of 3,825,000 "flow-through" shares at a price of $0.40 per share for gross proceeds of $1,530,000.

The proceeds of this private placement will be used by the Corporation to incur Canadian exploration expenses on the Corporation's properties located in the province of Quebec, including the Bourque property.

As consideration for the services rendered to complete this private placement, Marquest Capital Markets, a division of Marquest Asset Management Inc., and Secutor Capital Management Corporation received a cash finder's fee equal to 6% of the gross proceeds of the offering.

Tags: Pétrolia