By Sheri Kasprzak
New York, Oct. 4 - Athlone Energy Ltd. said it has priced a C$1.21 million private placement.
The company plans to sell 2.2 million units at C$0.55 each.
The units are comprised of one share and one half-share warrant. The whole warrants allow for the purchase of another share at C$0.70 each for one year.
The proceeds from the non-brokered deal will be used for drilling, land acquisition and general working capital.
Based in Vancouver, B.C., Athlone is an oil and natural gas exploration company.
| Issuer: | Athlone Energy Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.21 million
|
| Units: | 2.2 million
|
| Price: | C$0.55
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.70
|
| Pricing date: | Oct. 3
|
| Stock price: | C$0.71 at close Oct. 3
|
|
|
© 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.
