Proceeds slated for ‘aggressive’ oil and gas asset acquisition strategy
By Devika Patel
Knoxville, Tenn., Jan. 5 – Perisson Petroleum Corp. said it arranged a $40 million non-brokered private placement of stock.
The company will sell common shares at C$0.40 per share. The price per share represents a 60% premium to the Jan. 4 closing share price of C$0.25.
Proceeds will be used for an “aggressive” oil and gas asset acquisition strategy, the company said in a news release.
The oil explorer is based in Calgary, Alta.
| Issuer: | Perisson Petroleum Corp.
|
| Issue: | Common shares
|
| Amount: | $40 million
|
| Price: | C$0.40
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 5
|
| Stock symbol: | CNSX: POG
|
| Stock price: | C$0.25 at close Jan. 4
|
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