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Storm Exploration Inc. today announced that it has closed a second and final tranche of the Company's non-brokered private placement , for aggregate gross proceeds of $100,000 bringing the total proceeds for the financing to $502,500. The closing is subject to final acceptance of the TSX Venture Exchange. Pursuant to the Offering, the Company has issued a total of 8,850,000 units at a price of $0.05 per Unit, and 1,000,000 flow-through units at a price of $0.06 per FT Unit. Each Unit consists of one common share of the Company and one warrant entitling the holder thereof to acquire an additional common share of the Company at an exercise price of $0.10 per Warrant Share for a period of 24 months ...