By Devika Patel
Knoxville, Tenn., Feb. 7 - PetroGlobe Inc. announced it will conduct a private placement of stock for C$2 million.
The company will sell 10 million common shares at C$0.20 each.
Settlement is expected on Feb. 11.
Proceeds will be used for exploration and general working capital requirements.
PetroGlobe is an oil and natural gas exploration company based in Calgary, Alta.
| Issuer: | PetroGlobe Inc.
|
| Issue: | Common shares
|
| Amount: | C$2 million
|
| Shares: | 10 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Pricing date: | Feb. 6
|
| Settlement date: | Feb. 11
|
| Stock symbol: | TSX Venture: PGB
|
| Stock price: | C$0.24 at close Feb. 6
|
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