|
| Home : Sahara Energy Ltd. Announces Update on Proposed Private Placement |
|
Nov 01
2013 |
Sahara Energy Ltd. Announces Update on Proposed Private Placement |
|
CALGARY, ALBERTA--(Marketwired - Nov. 1, 2013) - Sahara Energy Ltd. (TSX VENTURE:SAH) (Sahara) announces that the previously-announced C$600,000 private placement with Aozhong Jiye Investment Holdings Limited (Aozhong) is expected to close on or before November 29, 2013, subject to regulatory approvals. The funds were received by Sahara as a non-refundable deposit on a larger investment and the parties have agreed that 5 million common shares of Sahara will be issued at the price of C$0.12. With respect to an additional investment by Aozhong into Sahara, discussions between the parties are ongoing but are not expected to be concluded before March of 2014. The gross proceeds of C$600,000 will be used as working capital for Sahara. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=1847425&sourceType=3 |
| |
|
Related News
|
» Bauer Performance Sports Announces Completion of Secondary Offering of Shares by the Kohlberg Funds
» LAX Shooting Wounds Three, Including TSA Agent
|
|
|
