Palliser Oil & Gas Announces $10 Million Bought Deal Financing

Palliser Oil & Gas Corporation (TSXV:PXL) enters into an agreement to issue 5,264,000 Special Warrants of the Company at a price of $1.90 per Special Warrant.

The press release is quoted as saying:

The Company has also granted the Underwriters an option (the “Underwriters’ Option”) to increase the size of the Offering by up to an additional 789,600 Special Warrants, such Underwriters’ Option being exercisable at any time up to 48 hours prior to the closing of the Offering. If the Underwriters’ Option is exercised in full, the aggregate gross proceeds raised will be approximately $11.5 million.

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