Non-brokered deal offers units of one share, one quarter-share warrant
By Devika Patel
Knoxville, Tenn., Oct. 13 - Mountainview Energy Ltd. said it has negotiated a non-brokered private placement of 21 million units.
The company will sell the units of one common share and one quarter-share warrant at $0.20 apiece for $4.2 million. Each whole warrant is exercisable at $0.25 for six months.
Mountainview Energy is an oil and gas company based in Cut Bank, Mont.
Issuer: | Mountainview Energy Ltd.
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Issue: | Units of one common share and a quarter-share warrant
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Amount: | $4.2 million
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Units: | 21 million
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Price: | $0.20
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Warrants: | One quarter-share warrant per unit
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Warrant expiration: | Six months
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Warrant strike price: | $0.25
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Agent: | Non-brokered
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Pricing date: | Oct. 13
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Stock symbol: | TSX Venture: MVW
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Stock price: | C$0.32 at close Oct. 12
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Market capitalization: | C$2.69 million
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