excelsior energy exfourth estate reported that the company intends to complete an additional non-brokered private arrangement of: up to 10,416,667 unit of measurement at a terms of $0.48 per unit of measurement for conglomeration 144 takings of up to $5.0 meg and up to 4,166,667 common share at a terms of $0.24 per Common share for conglomeration 144 takings of up to $1.0 million.

The fourth estate release is quoted as saying:

Each unit of measurement will consist of one Common share at an issue terms of $0.24 per Common share, one Common share issued on a “flow-through” basis pursuant to the commissariat of the income Tax Act at an issue terms of $0.24 per Flow-Through share and two Common share purchase warrant , each warrant entitling the holder thereof to purchase one Common share at an exercise terms of $0.32 at any time within 60 months from the day of the month of issue

click here to entree the entire fourth estate release