By Devika Patel
Knoxville, Tenn., Oct. 23 - Ryland Oil Corp. announced it will raise C$10 million in a private placement of shares.
The company will sell 22,222,300 flow-through common shares at C$0.45 apiece on a best-efforts basis.
GMP Securities LP is the agent.
Proceeds will be used for drilling.
Ryland is a Vancouver, B.C.-based petroleum and natural gas exploration company.
| Issuer: | Ryland Oil Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$10 million
|
| Shares: | 22,222,300
|
| Price: | C$0.45
|
| Warrants: | No
|
| Agent: | GMP Securities LP
|
| Pricing date: | Oct. 23
|
| Stock symbol: | TSX Venture: RYD
|
| Stock price: | C$0.37 at close Oct. 22
|
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