By Susanna Moon
Chicago, Sept. 2 - Rodinia Oil Corp. said it plans to sell between C$5 million and C$15 million of shares in a private placement.
The company said it will issue class A common shares at C$0.85 per share.
Financing will be brokered by Tristone Capital Inc. on a best-efforts basis.
Proceeds will be used for capital expenditures.
The issue is expected to settle on Sept. 12.
Rodinia Oil, formerly Officer Basin Energy Inc., is a junior oil and natural gas company based in Calgary, Alta.
| Issuer: | Rodinia Oil Corp.
|
| Issue: | Common shares
|
| Amount: | C$5 million to C$15 million
|
| Price: | C$0.85
|
| Warrants: | No
|
| Agent: | Tristone Capital Inc.
|
| Pricing date: | Sept. 2
|
| Settlement date: | Sept. 12
|
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