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Super Nova Petroleum (CSE:SNP) announced it had closed the third tranche of a non-brokered private placement, raising over $80,000. The company issued 791,500 units at CAD$0.05/unit for aggregate gross proceeds of CAD $39,575 and 999,974 units at US$0.05/unit for aggregate gross proceeds of US$49,998.70.
According to the press release:
[Super Nova Petroleum Corp] has issued 791,500 units @ CAD$0.05/unit for aggregate gross proceeds of CAD$39,575 and 999,974 units @ US$0.05/unit for aggregate gross proceeds of US$49,998.70. Each unit is comprised of one common share and one three year common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of $0.075/share during the first year, $0.10/during the second year and $0.125/share during the last year of the exercise period. Proceeds from this financing will be used for general working capital.
Click here to read the Super Nova Petroleum Corporation (CSE:SNP) press release
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