By Sheri Kasprzak
New York, Oct. 11 - Arsenal Energy Inc. priced a C$6 million private placement of flow-through shares.
The non-brokered deal includes up to 5,454,545 shares at C$1.10 each.
The deal is scheduled to close Oct. 18.
Proceeds will be used for Canadian exploration expenses.
Calgary, Alta.-based Arsenal is an oil and natural gas exploration company.
| Issuer: | Arsenal Energy Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$6 million
|
| Shares: | 5,454,545
|
| Price: | C$1.10
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | Oct. 11
|
| Settlement date: | Oct. 18
|
| Stock symbol: | Toronto: AEI
|
| Stock price: | C$0.94 at close Oct. 11
|
© 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.
