BRIEF-Traverse Energy says announces brokered private placement

Wed May 4, 2016 6:35pm EDT
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May 4 (Reuters) - Traverse Energy Ltd -

* Announces brokered private placement of CEE flow-through common shares and CDE flow-through common shares for total gross proceeds of $3 million

* Traverse Energy LTD says intends to use proceeds from offering to fund qualifying expenditures under tax act on company's oil and gas properties Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)