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| Home : Point Loma Resources Announces Brokered Private Placement of CEE Flow-Through Common Shares and Updates Production Increases |
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Sep 27
2016 |
Point Loma Resources Announces Brokered Private Placement of CEE Flow-Through Common Shares and Updates Production Increases |
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CALGARY, AB--(Marketwired - September 26, 2016) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce that it has entered into an agreement with Mackie Research Capital Corporation (the "Agent"), whereby the Agent has agreed to offer, on a reasonable commercial efforts private placement basis (the "Offering"), up to $1.7 million in common shares of the Company to be issued on a "flow-through" basis (the "FT Common Shares") under the Income Tax Act (Canada) (the "Tax Act") with respect to Canadian Exploration Expense "CEE" at a price of $0.35 per FT Common Share. This price represents an at market offering price for the FT Common Shares with no premium. |
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| Source:http://www.marketwired.com/mw/release.do?id=2161354&sourceType=3 |
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