|
| Home : Anglo Canadian Oil Closes $6.3 Million Private Placement |
|
Mar 24
2011 |
Anglo Canadian Oil Closes $6.3 Million Private Placement |
|
CALGARY, ALBERTA--(Marketwire - March 24, 2011) - Anglo Canadian Oil Corp. ("Anglo" or the "Company") (TSX VENTURE:ACG) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering"). The Company sold, on a private placement basis, an aggregate of 13,040,000 units (the "Units") at a price of $0.25 per Unit and 10,344,828 common shares issued on a flow-through basis("Flow-Through Shares") at a price of $0.29 per Flow-Through Share for gross proceeds of approximately $6.3 million. Each Unit consists of one common share ("Common Share") of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant") with each Warrant entitling the holder thereof to acquire one Common Share at a price of $0.33 per Common Share for a period of 18 months from the date of closing the Offering. |
|
|
|
| Source:http://www.marketwire.com/mw/release.do?id=1417402&sourceType=3 |
| |
|
Related News
|
» Bengal Energy Ltd. Announces Increase in Bought Deal Financing to $22.5 Million
» Northern Abitibi Announces Non-Brokered Financing
|
|
|
