Deal funds development; flow-through common shares sold at C$0.07 each
By Devika Patel
Knoxville, Tenn., June 26 – Kallisto Energy Corp. said it plans a non-brokered private placement of stock to raise between C$500,000 and C$1 million.
The company will sell up to 14,285,714 flow-through common shares at C$0.07 apiece, a 16.67% premium to the June 25 closing share price of C$0.06.
Proceeds will be used for development.
Based in Calgary, Alta., Kallisto is an oil and natural gas exploration, development and production company.
| Issuer: | Kallisto Energy Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$500,000 (minimum), C$1 million (maximum)
|
| Shares: | 14,285,714 (maximum)
|
| Price: | C$0.07
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | June 26
|
| Stock symbol: | TSX Venture: KEC
|
| Stock price: | C$0.06 at close June 25
|
| Market capitalization: | C$5.61 million
|
© 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.
