By Laura Lutz
Des Moines, Nov. 3 - Velo Energy Inc. negotiated a private placement for up to C$2.25 million.
The company plans to sell up to 9 million flow-through shares at C$0.25 each.
Blackmont Capital Inc. has agreed to act as agent for the deal.
Settlement is expected on Nov. 30.
Velo is an oil and gas company based in Calgary, Alta.
| Issuer: | Velo Energy Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$2.25 million
|
| Shares: | 9 million
|
| Price: | C$0.25
|
| Warrants: | No
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 30
|
| Agent: | Blackmont Capital Inc.
|
| Stock symbol: | TSX Venture: VLO
|
| Stock price: | C$0.22 at close Nov. 2
|
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