By Devika Patel
Knoxville, Tenn., Sept. 16 - Mooncor Oil & Gas Corp. said it plans a C$2.1 million non-brokered private placement of units, raising C$826,000.
The company plans to sell units of one common share and a half-share warrant at C$0.30 per unit.
The whole warrants are exercisable at C$0.45 for two years.
Proceeds will be used for working capital.
Mooncor is a junior oil and gas exploration and production company based in Calgary, Alta.
| Issuer: | Mooncor Oil & Gas Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2.1 million
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.45
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 16
|
| Stock symbol: | TSX Venture: MOO
|
| Stock price: | C$0.32 at close Sept. 16
|
| Market capitalization: | C$25.3 million
|
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