By Sheri Kasprzak
New York, July 11 - Consolidated Petroquin Resources Ltd. has arranged a private placement for C$1,005,000.
The offering includes 6.7 million units at C$0.15 each.
The units are comprised of one share and one warrant. The warrants allow for the purchase of an additional share at C$0.30 each.
The company is acquiring the Corhill uranium-gold-platinum property in the Northwest Territories.
The proceeds will be used for that property acquisition as well as for working capital.
Based in Burnaby, B.C., Consolidated Petroquin is an oil and natural gas exploration company.
| Issuer: | Consolidated Petroquin Resources Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1,005,000
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| Units: | 6.7 million
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| Price: | C$0.15
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| Warrants: | One warrant per unit
|
| Warrant strike price: | C$0.30
|
| Pricing date: | July 8
|
| Stock price: | C$0.24 at close July 8
|
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