By Laura Lutz
Des Moines, May 4 - Opal Energy Corp. arranged a private placement of shares for C$25 million.
The non-brokered placement will include 125 million common shares at C$0.20 each.
The company said it will use the proceeds to fund its "Texas Giants" natural gas development strategy.
Opal is a natural gas company based in Vancouver, B.C.
| Issuer: | Opal Energy Corp.
|
| Issue: | Common shares
|
| Amount: | C$25 million
|
| Shares: | 125 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Pricing date: | May 4
|
| Stock symbol: | TSX Venture: OPA
|
| Stock price: | C$0.235 at close May 4
|
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