By Devika Patel
Knoxville, Tenn., Aug. 5 - Ammonite Energy Ltd. said it took in C$1.62 million in the first tranche of a C$4 million non-brokered private placement of stock. The deal priced June 2.
The company is selling up to 13,333,334 common shares at C$0.30 per share. It sold 5,400,960 shares in this tranche.
Proceeds will be used for exploration and development in the Wembley area of northwest Alberta and the Kindersley area of southwest Saskatchewan and for general corporate purposes.
Ammonite Energy is a petroleum and natural gas company based in Calgary, Alta.
| Issuer: | Ammonite Energy Ltd.
|
| Issue: | Common shares
|
| Amount: | C$4 million
|
| Shares: | 13,333,334
|
| Price: | C$0.30
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | June 2
|
| Settlement date: | Aug. 5 (for C$1,620,288)
|
| Stock symbol: | TSX Venture: AMO
|
| Stock price: | C$0.35 at close June 1
|
| Market capitalization: | C$11.7 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.
