By Sheri Kasprzak
Atlanta, Feb. 14 - Valkyries Petroleum Corp. said it plans to raise up to C$18 million in a non-brokered private placement of stock.
The offering includes up to 6 million shares at C$3 each.
Based in Vancouver, B.C., Valkyries is an oil and gas exploration and production company. The proceeds will be used for the acquisition of a producing asset in southern Russia and for general corporate purposes.
| Issuer: | Valkyries Petroleum Corp.
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| Issue: | Stock
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| Amount: | C$18 million
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| Shares: | 6 million
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| Price: | C$3
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| Warrants: | No
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| Pricing date: | Feb. 14
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| Stock price: | C$3.30 at close Feb. 14
|
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