Proceeds used for capital expenditures and general corporate purposes
By Devika Patel
Knoxville, Tenn., May 9 - Jura Energy Corp. said it will conduct a $4 million private placement of debenture units.
The company will sell 4,000 units of a $1,000 11% secured subordinated debenture and 200 warrants at $1,000 per unit.
Each warrant is exercisable until April 30, 2018 at the greater of C$0.36 and the five-day volume weighted average trading price of the shares on the closing date.
Proceeds will be used for capital expenditures and general corporate purposes.
Calgary, Alta.-based Jura Energy explores for and develops petroleum and natural gas properties in Pakistan.
| Issuer: | Jura Energy Corp.
|
| Issue: | Units of a $1,000 secured subordinated debenture and 200 warrants
|
| Amount: | $4 million
|
| Units: | 4,000
|
| Price: | $1,000.00
|
| Coupon: | 11%
|
| Warrants: | 200 warrants per unit
|
| Warrant expiration: | April 30, 2018
|
| Warrant strike price: | The greater of C$0.36 and the five-day volume weighted average trading price of the shares on the closing date
|
| Pricing date: | May 9
|
| Stock symbol: | Toronto: JEC
|
| Stock price: | C$0.30 at close May 8
|
| Market capitalization: | C$20.72 million
|
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