By Sheri Kasprzak
New York, Dec. 14 - Nordic Oil and Gas Ltd. said it settled a private placement for C$1.2 million.
The company issued 3 million units at C$0.40 each.
The units are comprised of one flow-through share and one half-share warrant. The whole warrants allow for the purchase of another share at C$0.60 each for one year.
Union Securities Ltd. was the placement agent.
Based in Winnipeg, Man., Nordic is an oil and natural gas exploration company.
| Issuer: | Nordic Oil and Gas Ltd.
|
| Issue: | Units of one flow-through share and one half-share warrant
|
| Amount: | C$1.2 million
|
| Units: | 3 million
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.60
|
| Placement agent: | Union Securities Ltd.
|
| Settlement date: | Dec. 14
|
| Stock price: | C$0.30 at close Dec. 13
|
|
|
© 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.
