By Laura Lutz
Des Moines, March 12 - Great Pacific International Inc. settled a private placement of units for C$1 million.
The company sold 2 million units of one share and one warrant at C$0.50 per unit. Each whole warrant is exercisable at C$0.60 for two years.
Three insiders of the company, Ronald Bobowski, Thal Poonian and Alfred Calverley, subscribed for 180,000, 1 million and 40,000 units, respectively.
The placement will be non-brokered.
Great Pacific is an oil and gas company based in Vancouver, B.C.
Issuer: | Great Pacific International Inc.
|
Issue: | Units of one share and one warrant
|
Amount: | C$1 million
|
Units: | 2 million
|
Price: | C$0.50
|
Warrants: | One per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.60
|
Agent: | Non-brokered
|
Settlement date: | March 9
|
Stock symbol: | TSX Venture: GPI
|
Stock price: | C$0.96 at close March 9
|
© 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.