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| Home : Veraz Petroleum Announces Initial Closing of Private Placement |
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Jun 17
2016 |
Veraz Petroleum Announces Initial Closing of Private Placement |
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CALGARY, ALBERTA--(Marketwired - June 16, 2016) - Veraz Petroleum Ltd. ("Veraz" or the "Company") (NEX:VRZ.H) is pleased to announce that it has closed the initial tranche of its previously announced non-brokered private placement (the "Private Placement") of units ("Units") of the Company. In this initial tranche, the Company has issued an aggregate of 2,440,000 Units to exempt buyers on a private placement basis at a price of $0.05 per Unit for aggregate gross proceeds of $122,000. The Company paid a cash finder's fee of $8,540 and issued 170,800 broker warrants ("Broker Warrants") related to subscriptions for 2,440,000 Units in the Private Placement. |
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| Source:http://www.marketwired.com/mw/release.do?id=2135185&sourceType=3 |
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