By Sheri Kasprzak
New York, Dec. 12 - Magnus Energy Inc. said it plans to raise C$2.22 million in a non-brokered private placement.
The offering includes up to 1.2 million class A flow-through shares at C$1.85 each.
Proceeds will be used for drilling programs on its Paradise Valley, North Esther, Tableland and Antler properties.
Based in Calgary, Alta., Magnus is an oil and natural gas exploration company.
Issuer: | Magnus Energy Inc.
|
Issue: | Class A flow-through shares
|
Amount: | C$2.22 million (maximum)
|
Shares: | 1.2 million (maximum)
|
Price: | C$1.85
|
Warrants: | No
|
Placement agent: | Non-brokered
|
Pricing date: | Dec. 12
|
Stock price: | C$1.50 at close Dec. 12
|
|
© 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.