By Sheri Kasprzak
New York, May 8 - Platform Resources Ltd. completed a C$5 million private placement.
The company issued 10 million flow-through shares in the offering, which was oversubscribed from the originally planned C$3 million offering. The deal priced in April.
Proceeds from the non-brokered deal will be used for exploration and development on the company's oil and gas properties in western Canada.
Calgary, Alta.-based Platform is an oil and natural gas exploration company.
| Issuer: | Platform Resources Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$5 million
|
| Units: | 10 million
|
| Price: | C$0.50
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Settlement date: | May 8
|
| Stock symbol: | TSX Venture: PFM
|
| Stock price: | C$0.78 at close May 8
|
© 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.
