2016

 

2015

 

2014

 

2013

 

2012

 

2011

 

2010

 

2009

 

Archives

   
20162015201420132012201120102009Archives
Petromin Completes First Tranche of Private Placement
 
Petromin Completes First Tranche of Private Placement

Wednesday, 18 March 2015

Petromin Resources Ltd. (the “Company”) is pleased to announce that it has completed closing on the first tranche of its non-brokered private placement (“Private Placement”) announced on March 5, 2015. 10,133,333 common shares at a price of $0.03 were issued for gross proceeds of $304,000. The same amount of common share purchase warrants were issued to the placees at the exercise price of $0.05 in the first year and $0.10 in the second year, expiring March 18, 2017. The Company will pay finder’s fee of $300 in cash and 130,000 in common shares in connection with the Private Placement.

 

All shares issued with respect to the Private Placement are subject to a hold period of four months, expiring July 19, 2015.

 

The proceeds from the above financing will be used to fund the work-over and recompletion of some existing wells and for general working capital of the Company. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Subscribe to stay up-to-date on Petromin's latest announcements and official news releases.

name:

email:

profile:

Investor

Investment broker

Analyst

Media

Other

TWE 2009 Liuhuanggou CBM Program
 
Learn more >

Reaching an Agreement With CUCBM
 
Learn more >
© 2008 Petromin Resources Ltd. All rights reserved. | tsx.v : PTR
contact us|disclaimer