By Sheri Kasprzak
New York, Oct. 3 - Foothills Resources, Inc. completed another tranche of its previously announced private placement. The company raised $211,059 in the latest tranche, lifting total proceeds to $22,711,059.
The company most recently issued 93,804 units at $2.25 each.
The units consist of one share and one half-share warrant. Each whole warrant is exercisable at $2.75 for five years.
The company sold a total of 10,093,804 units in the deal. On Sept. 8, the company sold 10 million of the units for proceeds of $22.5 million.
Based in Launceston, England, Foothills is an oil and natural gas exploration, acquisition and production company.
| Issuer: | Foothills Resources, Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $211,059
|
| Units: | 93,804
|
| Price: | $2.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $2.75
|
| Settlement date: | Sept. 27
|
| Stock symbol: | OTCBB: FTRS
|
| Stock price: | $2.41 at close Sept. 27
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
