New Issue: Strike Petroleum completes PIPE, adding further $0.07 million for C$1.95 million total

New York, Aug. 18 - Strike Petroleum Ltd. completed its previously announced private placement, adding a further C$70,400 for a total of C$1,948,550.

In the final tranche, the company issued 61,217 shares on top of the previous 1,633,174 flow-through shares, all at C$1.15 each. The first tranche closed on July 31.

Proceeds will be used for Canadian exploration expenses.

Calgary, Alta.-based Strike is an oil and natural gas exploration company.

Issuer:	Strike Petroleum Ltd.
Issue:	Flow-through shares
Amount:	C$1,948,550 (C$1,878,150 in first tranche, C$70,400 in second)
Shares:	1,694,391 (1,633,174 in first tranche, 61,217 in second)
Price:	C$1.15
Warrants:	No
Settlement date:	Aug. 18
Stock symbol:	TSX Venture: SPP
Stock price:	C$0.84 at close July 31, C$0.85 at close Aug. 18

© 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.