Shoal Point Energy Announces Closing of First Tranche of Private Placement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/27/13 -- Shoal Point Energy Corp. (CNSX: SHP)(OTCQX: SHPNF) today announced the closing of the first tranche of the company's previously announced (Sept. 24, 2013) non-brokered Private Placement. The company placed 41,717,840 units for gross proceeds of $2,085,892.
Of this total, 38,717,840 non flow-thru units were placed for gross proceeds of $1,935,892. Each unit consisted of one share and one share purchase warrant. Each full warrant is exercisable at a strike price of $0.06 with an expiry on the second anniversary of the date of closing of the transaction. These proceeds will be used for general working capital.
In addition, 3,000,000 flow-thru units were placed at a price of $0.05 per unit for gross proceeds of $150,000.00. Each unit consisted of one flow-thru share and one-half of a share purchase warrant. Each full warrant is exercisable at a strike price of $0.06 with an expiry on the second anniversary of the date of closing of the transaction. Proceeds of the flow-thru private placement will be used for Qualifying Canadian Exploration Expenses.
The private placement is subject to regulatory acceptance and approval.
On behalf of the Board of Directors,
Mark Jarvis, CEO
Shoal Point Energy Corp.
Contacts:
Shoal Point Energy Corp.
Lindsay MacLeod
416-637-2181 ext. 316
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Datum: 27.09.2013 - 21:27 Uhr
Sprache: Deutsch
News-ID 301035
Anzahl Zeichen: 4253
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Oil & Gas
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