Deal sells 45,111,778 shares at about $0.49 apiece to MP West Canada
By Devika Patel
Knoxville, Tenn., Aug. 5 - Deep Well Oil & Gas, Inc. settled a $22 million private placement of stock with MP West Canada SAS on July 31, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 45,111,778 common shares at about $0.49 apiece.
Based in Edmonton, Alta., Deep Well is an oil sands exploration company.
| Issuer: | Deep Well Oil & Gas, Inc.
|
| Issue: | Common stock
|
| Amount: | $22 million
|
| Shares: | 45,111,778
|
| Price: | $0.49 (approximate)
|
| Warrants: | No
|
| Investor: | MP West Canada SAS
|
| Settlement date: | July 31
|
| Stock symbol: | OTCBB: DWOG
|
| Stock price: | $0.04 at close July 30
|
| Market capitalization: | $25.14 million
|
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