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| Home : Westcore Provides Update Re Allstar Oil & Gas Property Acquisition and Concurrent Financing |
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Nov 20
2015 |
Westcore Provides Update Re Allstar Oil & Gas Property Acquisition and Concurrent Financing |
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SASKATOON, SASKATCHEWAN--(Marketwired - Nov. 19, 2015) - WESTCORE ENERGY LTD. (TSX VENTURE:WTR) ("Westcore" or the "Company") reports that its previously announced transaction (see news release July 14, 2015), is ongoing and conditional approval for the transaction has been issued by the TSX Venture Exchange. The Company has amended the terms of the previously announced, concurrent financing. Westcore now intends to complete a non-brokered private placement for gross proceeds of a minimum of $200,000 and a maximum of $500,000, subject to TSX Venture Exchange approval (the "Private Placement"). The Private Placement will consist of units, each offered at a subscription price of $0.02 per unit. Each unit will consist of one common share of the Company and one common share purchase warrant entitling the holder thereof to acquire one common share at a price of $0.03 per common share (subject to completion of the Consolidation, as defined below) until the date that is twenty-four (24) months from the date of the completion of the Transaction. |
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| Source:http://www.marketwired.com/mw/release.do?id=2075729&sourceType=3 |
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