By Devika Patel
Knoxville, Tenn., July 31 - PetroGlobe Inc. said it plans to conduct a C$1 million private placement of stock.
The company will sell 4 million flow-through common shares at C$0.25 each.
Settlement is expected Aug. 15.
Proceeds will be used for exploration.
PetroGlobe is an oil and natural gas exploration company based in Calgary, Alta.
| Issuer: | PetroGlobe Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1 million
|
| Shares: | 4 million
|
| Price: | C$0.25
|
| Warrants: | No
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 15
|
| Stock symbol: | TSX Venture: PGB
|
| Stock price: | C$0.23 at close July 31
|
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