New Issue: PetroGlobe settles C$891,000 private placement of shares

By Devika Patel

Knoxville, Tenn., Aug. 21 - PetroGlobe Inc. said it completed a C$891,000 private placement of stock. The deal priced for C$1 million on July 31.

The company sold 3,564,000 flow-through common shares at C$0.25 each. It planned to sell 4 million shares.

Proceeds will be used for exploration and development.

PetroGlobe is an oil and natural gas exploration company based in Calgary, Alta.

Issuer:	PetroGlobe Inc.
Issue:	Flow-through common shares
Amount:	C$891,000
Shares:	3,564,000
Price:	C$0.25
Warrants:	No
Pricing date:	July 31
Settlement date:	Aug. 21
Stock symbol:	TSX Venture: PGB
Stock price:	C$0.23 at close July 31

© 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.