JayHawk Energy Inc. - 2011-04-14
Description
Closed a private placement offering consisting of 2.675 million shares of its common stock at $0.12 per share. Lindsay Gorrill, JayHawk Energy chief executive, personally contributed $144,000 or 44.9% of the offering. The cash infusion will accelerate JayHawk's current operations. The proceeds raised will also allow the company to modernize existing wells to increase productivity and facilitate corporate operations and work-over activity during 2011.