Non-brokered deal offers units of one share, one quarter-share warrant
By Devika Patel
Knoxville, Tenn., Oct. 13 - Mountainview Energy Ltd. said it has negotiated a non-brokered private placement of 21 million units.
The company will sell the units of one common share and one quarter-share warrant at $0.20 apiece for $4.2 million. Each whole warrant is exercisable at $0.25 for six months.
Mountainview Energy is an oil and gas company based in Cut Bank, Mont.
| Issuer: | Mountainview Energy Ltd.
|
| Issue: | Units of one common share and a quarter-share warrant
|
| Amount: | $4.2 million
|
| Units: | 21 million
|
| Price: | $0.20
|
| Warrants: | One quarter-share warrant per unit
|
| Warrant expiration: | Six months
|
| Warrant strike price: | $0.25
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 13
|
| Stock symbol: | TSX Venture: MVW
|
| Stock price: | C$0.32 at close Oct. 12
|
| Market capitalization: | C$2.69 million
|
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