By Sheri Kasprzak
New York, March 6 - California Oil & Gas Corp. has arranged a $1 million private placement of units.
The offering includes 2,222,222 units at $0.45 each.
Each unit consists of one share and one half-share warrant. The full warrants are exercisable at $0.55 each for one year.
Proceeds will be used for the acquisition and development of new projects.
Based in Calgary, Alta., California Oil is an oil and natural gas exploration and development company.
| Issuer: | California Oil & Gas Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $1 million
|
| Units: | 2,222,222
|
| Price: | $0.45
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $0.55
|
| Pricing date: | March 6
|
| Stock symbol: | OTCBB: COGC
|
| Stock price: | $0.485 at close March 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.
