By Laura Lutz
Des Moines, Aug. 15 - True North Energy Corp. closed a third round of its equity financing with a private placement of 350,000 units, bringing the total offering to $2 million, according to a company release.
The company sold the units, which consisted of one share and one share purchase warrant, for $350,000. It did not announce the terms of the warrants.
The proceeds will be used to finance the company's continued oil and gas well participation efforts.
True North Energy is a Houston-based oil and gas exploration company.
| Issuer: | True North Energy Corp.
|
| Issue: | Units of one share and one share warrant
|
| Amount: | $350,000
|
| Price: | $1.00
|
| Units: | 350,000
|
| Warrants: | One per unit
|
| Settlement date: | Aug. 15
|
| Stock symbol: | OTCBB: TNEN
|
| Stock price: | $3.28 at close on Aug. 14
|
|
|
© 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.
