Published on 11/16/2009 in the Prospect News PIPE Daily.
New Issue: PetroGlobe seals C$2.61 million private placement of flow-through stock
By Devika Patel
Knoxville, Tenn., Nov. 16 - PetroGlobe Inc. said it settled a C$2.61 million non-brokered private placement of stock. The deal priced for C$2.3 million on Oct. 30.
The company sold 18,625,853 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$2,607,619
|
| Shares: | 18,625,853
|
| Price: | C$0.14
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 16
|
| Stock symbol: | TSX Venture: PGB
|
| Stock price: | C$0.135 at close Oct. 29
|
| Market capitalization: | C$6.43 million
|
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