By Sheri Kasprzak
New York, March 3 - Twin Butte Energy Ltd. said it has arranged a private placement for C$10 million.
The deal includes 25 million shares at C$0.40 each, including both voting and non-voting shares.
The non-brokered offering is slated to close at the end of March.
Proceeds will be used for the acquisition of oil and gas interests in Western Canada.
In other news, Twin Butte said Paul Colborne and Ken Mullen have been reconstituted as board members.
Twin Butte, based in Calgary, Alta., is an oil and natural gas exploration company.
| Issuer: | Twin Butte Energy Ltd.
|
| Issue: | Stock
|
| Amount: | C$10 million
|
| Shares: | 25 million
|
| Price: | C$0.40
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | March 3
|
|
|
© 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.
