Petro One Announces $2,400,000 Financing
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/12/11 -- Petro One Energy Corp. (TSX VENTURE: POP)(PINKSHEETS: CUDBF)(FRANKFURT: C6K1) is pleased to announce that it has arranged a non-brokered private placement through Aberdeen Gould Capital Markets Ltd. to issue up to 4,000,000 units (each a "Unit") at the price of $0.60 per Unit to raise gross proceeds of up to $2,400,000. Each Unit will be comprised of one common share and one-half of a share purchase warrant. Each full warrant (a "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.
Proceeds from the financing will be used to fund expenses associated with the development of the Company's oil and gas properties, including completing, equipping and bringing into production oil wells previously drilled on the Company's properties.
The Company has agreed to pay finder's fees on a portion 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.
ON BEHALF OF THE BOARD
Peter Bryant, President & Director
For further information or to view new maps and photos, please visit the company's website at .
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:
Petro One Energy Corp.
Jeff Stuart
604 566 9089 or Toll free: 877 566 9089
604 564 8003 (FAX)
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Datum: 12.12.2011 - 22:52 Uhr
Sprache: Deutsch
News-ID 96151
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Oil & Gas
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