By Sheri Kasprzak
New York, Jan. 27 - Valkyries Petroleum Corp. said it intends to raise C$28.75 million in a private placement.
The non-brokered offering includes up to 2.5 million shares at C$11.50 each.
Proceeds will be used for exploration and development on the company's properties in Russia. The rest will be used for working capital.
Based in Vancouver, B.C., Valkyries is an upstream oil and natural gas exploration and production company.
| Issuer: | Valkyries Petroleum Corp.
|
| Issue: | Stock
|
| Amount: | C$28.75 million (maximum)
|
| Shares: | 2.5 million (maximum)
|
| Price: | C$11.50
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | Jan. 26
|
| Stock symbol: | TSX Venture: VPC
|
| Stock price: | C$11.55 at close Jan. 27
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
