By Devika Patel
Knoxville, Tenn., Nov. 3 - Mooncor Oil & Gas Corp. said it plans to raise C$1.26 million in a non-brokered private placement of units.
The company will sell flow-through units at C$0.09 apiece. Each flow-through unit consists of one flow-through common share and one half-share warrant.
Each whole two-year warrant is exercisable at C$0.20.
Proceeds will be used for exploration and working capital.
Mooncor is a junior oil and gas exploration and production company based in Calgary, Alta.
| Issuer: | Mooncor Oil & Gas Corp.
|
| Issue: | Flow-through units of one flow-through common share and one half-share warrant
|
| Amount: | C$1.26 million
|
| Price: | C$0.09
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.20
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 3
|
| Stock symbol: | TSX Venture: MOO
|
| Stock price: | C$0.08 at close Oct. 31
|
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