By Angela McDaniels
Tacoma, Wash., Sept. 29 - Mooncor Oil & Gas Corp. said it raised C$179,400 in the final tranche of its non-brokered private placement of units, bringing the deal size to C$1.84 million.
Each unit consists of one common share and a half-share warrant. Each whole warrant is exercisable at C$0.45 for two years.
The company sold a total of 6,126,502 units for C$0.30 each, including 598,000 units in the final tranche.
Proceeds will be used for working capital.
The company planned to raise up to C$2.1 million through the placement, which priced on Sept. 16.
Mooncor is a junior oil and gas exploration and production company based in Calgary, Alta.
| Issuer: | Mooncor Oil & Gas Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1,837,951
|
| Units: | 6,126,502
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.45
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 23 (for C$1,041,000); Sept. 25 (for C$617,551); Sept. 29 (for C$179,400)
|
| Stock symbol: | TSX Venture: MOO
|
| Stock price: | C$0.32 at close Sept. 16
|
| Market capitalization: | C$26.6 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.
