Company will sell 1 million shares at $1.00 on a best-efforts basis
By Devika Patel
Knoxville, Tenn., Feb. 21 - Galt Petroleum, Inc. priced its $1 million initial public offering of stock in a preliminary prospectus supplement filed Thursday with the Securities and Exchange Commission. Its shares are expected to trade on the OTCBB exchange.
The company will sell 1 million common shares at $1.00 apiece on a self-underwritten, best-efforts basis.
The Salt Lake City company's mission is to carefully identify existing and mature oil and gas leases for purchase and then to rehabilitate and revive them, resulting in lower-risk oil production.
| Issuer: | Galt Petroleum, Inc.
|
| Issue: | Common stock
|
| Amount: | $1 million
|
| Shares: | 1 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Pricing date: | Feb. 21
|
| Stock exchange: | OTCBB
|
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