By Devika Patel
Knoxville, Tenn., Oct. 30 - PetroGlobe Inc. said it plans a non-brokered private placement of stock for C$2.3 million.
The company will sell 16,428,571 flow-through common shares at C$0.14 each.
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$2.3 million
|
| Shares: | 16,428,571
|
| Price: | C$0.14
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 30
|
| Stock symbol: | TSX Venture: PGB
|
| Stock price: | C$0.135 at close Oct. 29
|
| Market capitalization: | C$5.93 million
|
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