Petro One Announces Financing / Appoints COO
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/20/12 -- Petro One Energy Corp. (TSX VENTURE: POP)(FRANKFURT: C6K1) is pleased to announce that it has engaged Aberdeen Gould Capital Markets Ltd. ("Aberdeen"), an Exempt Market Dealer, for a non-brokered private placement of units (each a "Unit") at the price of $0.60 per Unit to raise gross proceeds of up to $1,000,000. Each Unit will be comprised of one common share and one-half of a share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share at the price of $0.80 for a period of two years after Closing, subject to acceleration at the Company's option if its shares close at $1.20 or higher for twenty (20) consecutive trading days at any time after four months after Closing. Aberdeen has been granted the right to increase the size of the offering.
Proceeds from the financing will be used to fund expenses associated with the development of the Company's oil and gas properties. The Company has agreed to pay finder's fees in respect of the financing in accordance with the policies of the TSX Venture Exchange. The proposed private placement and finder's fees are subject to TSX Venture Exchange acceptance. All shares issued pursuant to the offering, and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the Closing date.
The Company is also pleased to report the appointment of William Chornobay as Chief Operating Officer. Bill has extensive experience managing public company resource exploration programs. He will work with other members of management on planning and budgeting for exploration and development programs, and will assist in the daily oversight of the Company's field operations.
ON BEHALF OF THE BOARD
Peter Bryant, President & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
King James Capital Corporation
Jeff Stuart
Investor Relations
1-604-805-0375
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Datum: 20.01.2012 - 21:43 Uhr
Sprache: Deutsch
News-ID 106362
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Oil & Gas
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