By Devika Patel
Knoxville, Tenn., Nov. 23 - Petrolia Inc. said it plans a C$5 million non-brokered private placement of stock and units.
The company will sell C$2.5 million of flow-through shares at C$0.95 each. It also will sell C$2.5 million of units of one common share and a half-share warrant at C$0.85 per unit.
The whole warrants are exercisable at C$1.30 for two years.
Petrolia is an oil and gas company based in Rimouski, Quebec.
| Issuer: | Petrolia Inc.
|
| Issue: | Flow-through shares, units of one common share and a half-share warrant
|
| Amount: | C$5 million
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 23
|
| Stock symbol: | TSX Venture: PEA
|
| Stock price: | C$0.85 at close Nov. 23
|
| Market capitalization: | C$34.8 million
|
|
|
| Shares
|
| Amount: | C$2.5 million
|
| Price: | C$0.95
|
| Warrants: | No
|
|
|
| Units
|
| Amount: | C$2.5 million
|
| Price: | C$0.85
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.30
|
© 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.
