Oil and Gas

Excelsior Energy Limited (TSX VENTURE:ELE) reported that the company intends to complete an additional non-brokered private placement (the “$6m Private Placement”) of: (i) up to 10,416,667 units at a price of $0.48 per Unit for aggregate gross proceeds of up to $5.0 million; and (ii) up to 4,166,667 common shares at a price of $0.24 per Common Share for aggregate gross proceeds of up to $1.0 million.

Excelsior Energy Limited (TSX VENTURE:ELE) reported that the company intends to complete an additional non-brokered private placement (the “$6m Private Placement”) of: (i) up to 10,416,667 units at a price of $0.48 per Unit for aggregate gross proceeds of up to $5.0 million; and (ii) up to 4,166,667 common shares at a price of $0.24 per Common Share for aggregate gross proceeds of up to $1.0 million.

The press release is quoted as saying:

Each Unit will consist of one (1) Common Share at an issue price of $0.24 per Common Share, one (1) Common Share issued on a “flow-through” basis pursuant to the provisions of the Income Tax Act (Canada) (“Flow-Through Share”) at an issue price of $0.24 per Flow-Through Share and two (2) Common Share purchase warrants (each, a “Warrant”), each Warrant entitling the holder thereof to purchase one Common Share at an exercise price of $0.32 at any time within 60 months from the date of issuance.

Click here to access the entire press release

MARKETS

Markets
TSX19980.91+96.33
TSXV575.88-6.69
DOW33745.69+199.37
S&P 5003965.34+18.78
NASD11146.06+1.10
ASX7151.80+16.10

COMMODITIES

Commodities
Gold1754.09+3.31
Silver20.95+0.01
Copper3.64-0.05
Palladium1942.16+11.15
Platinum980.45+4.95
Oil80.11-1.53
Heating Oil3.400.00
Natural Gas6.370.00

DOWNLOAD FREE REPORTS

×